Bemax Inc. Announces Second Quarter Financial Results
Bemax Inc. (BMXC) reported its Q2 FY2024 financial results, highlighting significant revenue growth to $1,078,090, an increase of over $1 million year-over-year. The company, focused on disposable diapers and women's hygienic products, attributes this growth to expanded sales and distribution networks. Key financial metrics include:
- Gross margin of $21,880, impacted by high costs and temporary pricing discounts
- Operating expenses increased to $73,758 from $18,840 YoY
- Net cash from financing activities reached $78,899
- Cash, equivalents, and short-term inventory investments stood at $164,645
The company's Mother's Touch private label brand continues to gain momentum, and management indicated plans for a potential special stock dividend pending board approval.
Bemax Inc. (BMXC) ha riportato i risultati finanziari del secondo trimestre dell'anno fiscale 2024, evidenziando una significativa crescita dei ricavi a $1.078.090, un aumento di oltre $1 milione rispetto all'anno precedente. L'azienda, specializzata in pannolini usa e getta e prodotti igienici per donne, attribuisce questa crescita all'espansione delle vendite e delle reti di distribuzione. I principali indicatori finanziari includono:
- Margine lordo di $21.880, influenzato da costi elevati e sconti sui prezzi temporanei
- Le spese operative sono aumentate a $73.758 da $18.840 rispetto all'anno precedente
- Il cash netto derivante da attività di finanziamento ha raggiunto $78.899
- Le liquidità, equivalenti e investimenti in inventario a breve termine ammontano a $164.645
Il marchio privato Mother's Touch dell'azienda continua a guadagnare slancio, e la direzione ha indicato piani per un possibile dividendo straordinario sulle azioni, in attesa di approvazione da parte del consiglio.
Bemax Inc. (BMXC) presentó sus resultados financieros del segundo trimestre del año fiscal 2024, destacando un crecimiento significativo de los ingresos a $1,078,090, un aumento de más de $1 millón en comparación con el año anterior. La empresa, enfocada en pañales desechables y productos de higiene femenina, atribuye este crecimiento a la expansión de las ventas y redes de distribución. Los principales indicadores financieros incluyen:
- Margen bruto de $21,880, afectado por altos costos y descuentos temporales en los precios
- Los gastos operativos aumentaron a $73,758 desde $18,840 en comparación con el año anterior
- El efectivo neto de actividades de financiamiento alcanzó $78,899
- Efectivo, equivalentes e inversiones en inventarios a corto plazo se situaron en $164,645
La marca de etiqueta privada Mother's Touch de la empresa sigue ganando impulso, y la dirección indicó planes para un posible dividendo especial de acciones, sujeto a aprobación de la junta.
Bemax Inc. (BMXC)는 2024 회계연도 2분기 재무 결과를 발표하며 수익이 $1,078,090로 크게 증가했음을 강조했습니다. 이는 작년 대비 100만 달러 이상의 증가입니다. 일회용 기저귀와 여성 위생 제품에 집중하는 이 회사는 판매 및 유통망의 확장을 이 성장의 원인으로 보고 있습니다. 주요 재무 지표는 다음과 같습니다:
- 높은 비용과 일시적인 가격 할인에 영향을 받은 총 마진은 $21,880
- 운영 비용은 작년 동기 대비 $18,840에서 $73,758로 증가했습니다
- 자금 조달 활동에서의 순 현금은 $78,899에 도달했습니다
- 현금, 현금성 자산 및 단기 재고 투자는 $164,645에 달했습니다
회사의 Mother's Touch 개인 브랜드는 계속해서 성장하고 있으며, 경영진은 이사회의 승인 대기 중에 특별 주식 배당금을 계획하고 있다고 밝혔습니다.
Bemax Inc. (BMXC) a annoncé ses résultats financiers du deuxième trimestre de l'exercice 2024, soulignant une croissance significative des revenus à $1.078.090, une augmentation de plus d'un million de dollars par rapport à l'année précédente. L'entreprise, axée sur les couches jetables et les produits d'hygiène féminine, attribue cette croissance à l'expansion des ventes et des réseaux de distribution. Les principaux indicateurs financiers comprennent :
- Marge brute de $21.880, impactée par des coûts élevés et des réductions de prix temporaires
- Les charges d'exploitation ont augmenté à $73.758 contre $18.840 l'année précédente
- Les liquidités nettes provenant d'activités de financement ont atteint $78.899
- Les liquidités, équivalents de liquidités et investissements en inventaire à court terme se sont élevés à $164.645
La marque de distributeur Mother's Touch de l'entreprise continue de prendre de l'élan, et la direction a indiqué des projets pour un dividende spécial sur actions, en attente d'une approbation du conseil d'administration.
Bemax Inc. (BMXC) hat die finanziellen Ergebnisse für das zweite Quartal des Geschäftsjahres 2024 veröffentlicht, mit einem signifikanten Umsatzwachstum auf $1.078.090, was einem Anstieg von über 1 Million Dollar im Vergleich zum Vorjahr entspricht. Das Unternehmen, das sich auf Einwegwindeln und Damenhygieneprodukte spezialisiert hat, führt dieses Wachstum auf erweiterte Verkaufs- und Vertriebsnetze zurück. Wichtige finanzielle Kennzahlen umfassen:
- Bruttomarge von $21.880, beeinträchtigt durch hohe Kosten und vorübergehende Preisnachlässe
- Die Betriebsausgaben stiegen von $18.840 auf $73.758 im Jahresvergleich
- Der Nettobarkapitalfluss aus Finanzierungstätigkeiten erreichte $78.899
- Bargeld, Zahlungsmitteläquivalente und kurzfristige Lagerbestandsinvestitionen betrugen $164.645
Die Eigenmarke Mother's Touch des Unternehmens gewinnt weiterhin an Dynamik, und das Management gab an, dass Pläne für eine mögliche Sonderdividende ausstehend sind, die der Genehmigung des Vorstands bedarf.
- Revenue increased significantly to $1,078,090, over $1M growth YoY
- Net cash from financing activities increased to $78,899 from $25,000 YoY
- Strong cash position with $164,645 in unrestricted cash and investments
- Potential special stock dividend announcement planned
- Low gross margin of $21,880 due to high costs and pricing discounts
- Operating expenses increased substantially to $73,758 from $18,840 YoY
- Revenue grew to
Dallas, Georgia--(Newsfile Corp. - December 30, 2024) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and women's hygienic sanitary products, is pleased to announce its financial results for the second fiscal quarter ended November 30, 2024, with quarterly revenue of
Bemax's distribution growth continues its steady momentum, delivering one of our strongest quarter of revenue growth, alongside profitability," said Taiwo Aimasiko, CEO. "The Bemax bulk purchase sales strategy has never been stronger with more buying agents distributing our private label disposable diapers to their markets."
"Our top-line private label brand of Mother's Touch has been gaining momentum and will continue to demonstrate the durability of our growth and significant revenue generation underlying our distribution strategy," stated Taiwo Aimasiko. "Upon board approval, we shall begin to reward our shareholders through special stock dividend during the current quarter as we continue to drive long-term shareholder value."
Financial Highlights for Second Quarter 2024
Revenue grew
$11,205 YoY to$1,078,090 million . Business and distribution model changes positively impacted total revenue YoY growth. The significant revenue increase year over year was primarily due to the expansion of sales and distribution networks.Gross Margin of
$21,880. High cost of revenue including temporary pricing discounts to expand customer base impacted negatively on total gross margin.Net total operating expenses were
$73,758 compared to same period of the prior year of$18,840. T he increase was largely due to expenses relating to shipment and warehousing.Net cash provided by financing activities was
$78,899 compared to$25,000 of same period of the prior year.Unrestricted cash, cash equivalents, and short-term inventory investments were
$164,645 at the end of the second quarter.
About Bemax Inc.
About Bemax Inc. Bemax Inc. is a forward-thinking company dedicated to delivering top-quality disposable diapers and women's hygienic sanitary products. With a focus on innovation and customer satisfaction, Bemax continues to expand its product offerings and distribution network, aiming to exceed the expectations of its growing customer base. Bemax Inc. exports and distribute private label household products to the global emerging markets. www.bemaxinc.com.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
CONTACT INFORMATION
Bemax Inc.
Dallas, GA
USA
Taiwo Aimasiko
Email: admin@bemaxinc.com
Tel: (470) 582 0807 ext. 101
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235461
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