Mastermind - MMND STOCK NEWS

Mastermind, Inc. (OTC-PINK:MMND) reported a strong financial performance for Q1 ending December 31, 2022. Revenues increased by $185,000, representing a 22% growth year-over-year. The company's gross profit rose by $88,000, marking a 17% increase compared to the same quarter last year. Despite typically slower revenue months, Mastermind maintains a positive outlook, bolstered by a robust pipeline and anticipated EBITDA from a recently announced acquisition. The details of the financial results can be found in the company’s 10-Q report filed on January 21, 2023.

Mastermind, Inc. (OTC-PINK: MMND) reported strong financial results for the fiscal year ending September 30, 2022. Revenue reached $4,540,000, a 19% increase compared to 2021, while operating income soared to $738,000, a remarkable $753,000 jump or 5020%. Gross profit also rose by 29% to $3,006,000, and stockholders' equity increased by 41% to $2,694,000. The company attributes its success to effective marketing strategies targeting blue-chip clients, and it anticipates continued growth supported by recent acquisitions.

Mastermind, Inc. (OTC: MMND) has announced a letter of intent to acquire Palms Boulevard, a digital agency in California. The transaction's completion hinges on factors like a definitive purchase agreement and financial audits. Preliminary estimates suggest that the combined entity's EBITDA for 2022 could surpass $2.7 million. Additionally, Mastermind has engaged Noble Capital Markets for financial advisory services geared towards raising up to $10 million in debt financing for this acquisition strategy. The President emphasized that this move will accelerate growth and enhance shareholder value.

Mastermind, Inc. (OTC-PINK:MMND) reported its financial results for the quarter and nine months ended June 30, 2022. The company achieved a net income of $573,230 for the nine-month period, a 26% increase year-over-year. Excluding $301,750 of PPP loan forgiveness from 2021, net income surged over 270%. Quarter revenues reached $1,460,832, up 22% compared to the previous year. Stockholders’ equity also increased by 53% to $2,601,346. CEO Dan Dodson expressed a positive outlook for continued growth and potential acquisitions.

Mastermind, Inc. (OTC-PINK: MMND) announced its financial results for the quarter and half-year ended March 31, 2022. The company reported a 183% increase in net income for the six-month period, totaling $115,680, and a 92% rise for the quarter, reaching $69,245. Revenues increased by 16% to $1,077,918. CEO Dan Dodson highlighted the success in social and mobile marketing, with positive growth anticipated for the remainder of the fiscal year. Acquisition discussions have also resumed.

Mastermind, Inc. (OTC: MMND) reported financial results for the three months ended December 31, 2021 and fiscal year 2021 ending September 30, 2021. Key highlights include a net income of $46,435 for Q1, significantly up from $4,739 in the previous year. Gross profit also rose by 4%, totaling $533,457. For the full year, net income reached $62,211, a staggering increase of 957%. Additionally, stockholder equity increased by $50,935 during the quarter.

Mastermind, Inc. (OTC-PINK:MMND) reported FY 2021 financial results, highlighting a 19.4% increase in total assets to $2.77M and a 34.6% decrease in liabilities to $748K. The company achieved a net income of $766K, a significant recovery from a loss of $12K in FY 2020, aided by PPP loan forgiveness. Revenue rose 5% to $3.88M, while operating expenses declined by 5% to $2.34M. CEO Dan Dodson noted that pandemic-related uncertainties led to conservative spending among clients, impacting acquisition discussions, though plans to resume acquisitions are on the horizon.