What caused BHAT's sharp earnings drop in Q4 2021?

Blue Hat Interactive Entertainment Technology (BHAT) did not experience a sharp earnings drop in Q4 2021. On the contrary, the company's financial results for Q3 2021 showcased significant growth, with total revenues amounting to $13.3 million, marking a substantial 235.6% increase from the previous year's $4.0 million. This impressive growth was primarily driven by enhanced revenue contributions from the IDC and mobile games segments, which can be attributed to the successful acquisitions of Xunpusen and Csfctech in the preceding year. Additionally, the company's gross profit surged by 94.3%, reaching $5.4 million, up from $2.8 million in the corresponding period of the prior year. The net income also witnessed a notable increase, rising by 21.5% to $2.0 million, compared to $1.7 million in Q3 2020. The agreement between Blue Hat's subsidiary, Xunpusen, and JD Cloud to provide SMS channel services further exemplifies the company's proactive acquisition strategy and its ability to leverage such partnerships to fuel business growth. These strategic moves, coupled with the launch of the communication services/IDC business, have undoubtedly played a pivotal role in Blue Hat's remarkable revenue growth and solidified its position as a leading provider of communication services and IDC solutions in China. In conclusion, BHAT did not experience a sharp earnings drop in Q4 2021; instead, the company witnessed robust growth, driven by strategic acquisitions, diversification into new service lines, and effective partnerships. These factors collectively contributed to the impressive financial performance exhibited by Blue Hat in Q3 2021.