Cannabis Wellness Co. OMID Holdings Reports Record Revenue For Q4 & FY 2021
Cannabis Wellness Co. OMID Holdings Reports Record Revenue For Q4 & FY 2021
OMID Holdings, Inc. (OTCPK: OMID) reported an initial financial review of its fourth-quarter operations.
"OMID's financial highlights, which detail record revenues for both the fourth quarter and the year of 2021, convey a narrative of profitable growth organically-fueled by business operations," said Adam Frank, chairman and CEO of the New Jersey-based companty.
"We inherited an 'Accumulated Deficit' as a direct result of our reverse merger with AVOP, and I'm proud to say that we've converted this term on our balance sheet into 'Retained Earnings' - a goal of mine since day one. Having officially pulled this off, our future ambitions begin with an uplist to the OTCQB," Frank added.
Q4 2021 Financial Highlights
- Revenue was $1.18 million compared to $1.08 million for the third quarter of 2021, a 9% improvement. Quarterly revenue increased by $690,263 or 141% year-over-year.
- Gross profit was $590,749 compared to $488,397 for the prior period, a 21% improvement. In addition, gross profit increased by $303,663 or 106% year-over-year.
- Net income, before income taxes, was $469,034, compared to $422,729 for the previous quarter, an 11% improvement. Year-over-year, net income rose by $228,510 or 95% from $240,524 for in the prior period.
FY 2021 Financial Highlights
- Revenue was $2.77 million, up by 108% year-over-year.
- Gross profit totaled $1.35 compared to $649,435 for the prior year, a 108% improvement.
- Net income, before income taxes, was $994,521, compared to $425,757 for the prior year, a 134% improvement.
Photo: Courtesy of Chris Briggs on Unsplash
OMID Holdings, Inc. (OTCPK: OMID) reported an initial financial review of its fourth-quarter operations.
奧米德控股公司(OTCPK：OMID)報告對其第四季度運營的初步財務審查。
"OMID's financial highlights, which detail record revenues for both the fourth quarter and the year of 2021, convey a narrative of profitable growth organically-fueled by business operations," said Adam Frank, chairman and CEO of the New Jersey-based companty.
奧米德的財務亮點，詳細説明瞭2021年第四季度和全年創紀錄的收入，傳達了一種由商業運營有機推動的盈利增長的敍述。亞當·弗蘭克(Adam Frank)，董事長兼首席執行官總部設在新澤西州的公司。
"We inherited an 'Accumulated Deficit' as a direct result of our reverse merger with AVOP, and I'm proud to say that we've converted this term on our balance sheet into 'Retained Earnings' - a goal of mine since day one. Having officially pulled this off, our future ambitions begin with an uplist to the OTCQB," Frank added.
弗蘭克補充道：“我們與AVOP的反向合併直接導致了‘累積赤字’，我很自豪地説，我們已經將資產負債表上的這一術語轉換為‘留存收益’--這是我從第一天起就一直追求的目標。在正式實現這一目標後，我們未來的雄心壯志始於OTCQB的提升。”
Q4 2021 Financial Highlights
2021年第四季度財務亮點
- Revenue was $1.18 million compared to $1.08 million for the third quarter of 2021, a 9% improvement. Quarterly revenue increased by $690,263 or 141% year-over-year.
- Gross profit was $590,749 compared to $488,397 for the prior period, a 21% improvement. In addition, gross profit increased by $303,663 or 106% year-over-year.
- Net income, before income taxes, was $469,034, compared to $422,729 for the previous quarter, an 11% improvement. Year-over-year, net income rose by $228,510 or 95% from $240,524 for in the prior period.
- 收入為118萬美元與2021年第三季度的108萬美元相比，增長了9%。季度收入增加了690,263美元，同比增長141%。
- 毛利潤為590,749美元，而上一季度為488,397美元，增長21%。此外，毛利潤同比增長303,663美元，增幅為106%。
- 扣除所得税前的淨收入為469,034美元，而上一季度為422,729美元，增長了11%。與去年同期相比，淨收入增加了228,510美元，增幅為95%，而上一季度為240,524美元。
FY 2021 Financial Highlights
2021財年財務亮點
- Revenue was $2.77 million, up by 108% year-over-year.
- Gross profit totaled $1.35 compared to $649,435 for the prior year, a 108% improvement.
- Net income, before income taxes, was $994,521, compared to $425,757 for the prior year, a 134% improvement.
- 收入為277萬美元，同比增長108%。
- 毛利潤總額為1.35美元，而去年同期為649,435美元，增幅為108%。
- 扣除所得税前的淨收益為994,521美元，上年為425,757美元，增長134%。
Photo: Courtesy of Chris Briggs on Unsplash
圖片：由克里斯·布里格斯在Unspash上提供
譯文內容由第三人軟體翻譯。
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