Investors are often on the lookout for disruptive and innovative companies due to the potential upside. A company which may fulfill that criterion is Livento Group Inc (OTC:NUGN). The company is involved in the development and acquisition of those businesses which boast of disruptive models in the technology, film and content industries. Yesterday, the company came into the news cycle after it announced its financial results for the fiscal year 2023. The company announced that during the 2023 fiscal year it had been successful in transitioning to Global Dot Logistics, Elisee and Movie revenues from advisory revenues.
It was also noted that in 2024 the revenues from movies were expected to go up as many of the projects would be on the development finalization stage. Through its advisory company Livento Group earns revenues generated by Global Dot. During the fiscal year, the company managed to double its assets base, which went to $46 million from $23 million a year ago. The assets had primarily been derived from path breaking film projects and make up a strong foundation for future sources of revenues.
Although the global markets remain in the midst of uncertainties owing to a range of factors, the Chief Investmente Officer of Livento Group Misha Henriksen expressed his optimism for the immediate future. He noted that the management remained enthusiastic about the future owing to the solid financial performance in addition to the considerable growth in revenues and assets in the past year. He also stated that the company moved into the films and artificial intelligence space through the inclusion of Global Dot Logistics. That would be the basis of an unprecedented period of long term growth for Livento Group. He went on to note that the secular upward trend in a number of metrics in 2023 was also a demonstration of the effectiveness of Livento Group’s strategies.
