Las Vegas, NV -- (SBWIRE) -- 09/19/2013 -- Marathon Patent Group Inc (OTCBB: MARA) recently released its financial report for the 2nd quarter ending Jun 30, 2013.
According to the statement released the company’s total revenue generated was $1,525,000, whereas the company incurred operating loss of $820,000, and the net loss amounts up to $810,000 which exceeds its losses of previous two quarters. The company cost of revenue is $760,000.
Marathon Patent Group Inc spent $1,585,000 on selling general and administrative expenses, and the company’s gross profit is $765,000. The company deals in the acquisition, development, and monetization of intellectual property through the prosecution and licensing. It also provides advice and services. It is headquartered in Alexandria, Virginia.
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