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VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months

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Vaycaychella (OTC Pink: VAYK) reported a net profit of $310,550 for Q2 2024, contributing to a total net profit of over $2.2 million in the past 18 months. The company's focus on the domestic short-term rental market has yielded positive results, with $281,940 net profit for the first half of 2024 and $2.05 million for the entire year 2023.

VAYK has not issued any unrestricted shares since May 2022, maintaining shareholder value. The company aims to generate operational revenue starting August 2024 and targets operational profitability by Q4 2024. VAYK's goal is to build a $20 million portfolio of short-term rental properties under management.

Vaycaychella (OTC Pink: VAYK) ha riportato un utile netto di $310,550 per il secondo trimestre del 2024, contribuendo a un totale di oltre $2.2 milioni di utile netto negli ultimi 18 mesi. La concentrazione dell'azienda sul mercato degli affitti a breve termine nazionali ha prodotto risultati positivi, con $281,940 di utile netto per il primo semestre del 2024 e $2.05 milioni per l'intero anno 2023.

VAYK non ha emesso azioni senza restrizioni dal maggio 2022, mantenendo il valore per gli azionisti. L'azienda mira a generare entrate operative a partire da agosto 2024 e punta a raggiungere la redditività operativa entro il quarto trimestre del 2024. L'obiettivo di VAYK è costruire un portafoglio di proprietà in affitto a breve termine del valore di $20 milioni.

Vaycaychella (OTC Pink: VAYK) reportó un beneficio neto de $310,550 para el segundo trimestre de 2024, contribuyendo a un beneficio neto total de más de $2.2 millones en los últimos 18 meses. El enfoque de la empresa en el mercado de alquileres a corto plazo a nivel nacional ha producido resultados positivos, con un beneficio neto de $281,940 para la primera mitad de 2024 y $2.05 millones para todo el año 2023.

VAYK no ha emitido acciones sin restricciones desde mayo de 2022, manteniendo el valor para los accionistas. La empresa tiene como objetivo generar ingresos operativos a partir de agosto de 2024 y busca alcanzar la rentabilidad operativa para el cuarto trimestre de 2024. La meta de VAYK es construir un portafolio de propiedades de alquiler a corto plazo por un valor de $20 millones.

Vaycaychella (OTC Pink: VAYK)는 2024년 2분기 순이익이 $310,550에 달했다고 보고하였으며, 이는 지난 18개월 동안 총 순이익이 $2.2백만 이상에 기여했습니다. 회사는 국내 단기 임대 시장에 집중하고 있으며, 2024년 상반기 순이익이 $281,940, 2023년 전체 순이익이 $2.05백만에 이르는 긍정적인 성과를 내고 있습니다.

VAYK는 2022년 5월 이후로 제한 없는 주식을 발행하지 않았으며, 주주 가치를 유지하고 있습니다. 회사는 2024년 8월부터 운영 수익을 창출하는 것을 목표로 하고 있으며, 2024년 4분기까지 운영 수익성을 달성하는 것을 목표로 하고 있습니다. VAYK의 목표는 단기 임대 관리 포트폴리오를 $20백만 가치로 구축하는 것입니다.

Vaycaychella (OTC Pink: VAYK) a rapporté un bénéfice net de 310 550 $ pour le deuxième trimestre de 2024, contribuant à un bénéfice net total de plus de 2,2 millions de dollars au cours des 18 derniers mois. L'accent mis par la société sur le marché de la location à court terme domestique a produit des résultats positifs, avec un bénéfice net de 281 940 $ pour la première moitié de 2024 et 2,05 millions de dollars pour l'ensemble de l'année 2023.

VAYK n'a émis aucune action sans restrictions depuis mai 2022, maintenant la valeur pour les actionnaires. L'entreprise vise à générer des revenus opérationnels à partir d'août 2024 et vise à atteindre la rentabilité opérationnelle d'ici le quatrième trimestre 2024. L'objectif de VAYK est de construire un portefeuille de propriétés locatives à court terme d'une valeur de 20 millions de dollars.

Vaycaychella (OTC Pink: VAYK) berichtete von einem Nettoerlös von $310,550 für das zweite Quartal 2024, was zu einem Gesamt-Nettoerlös von über $2.2 Millionen in den letzten 18 Monaten beiträgt. Der Fokus des Unternehmens auf den nationalen Markt für kurzfristige Vermietungen hat positive Ergebnisse gebracht, mit einem Nettoerlös von $281,940 für die erste Hälfte des Jahres 2024 und $2.05 Millionen für das gesamte Jahr 2023.

VAYK hat seit Mai 2022 keine unbegrenzten Aktien ausgegeben und somit den Wert für die Aktionäre erhalten. Das Unternehmen plant, ab August 2024 operative Einnahmen zu generieren und strebt an, bis zum vierten Quartal 2024 operativ rentabel zu sein. Das Ziel von VAYK ist es, ein Portefeuille von kurzfristigen Mietobjekten im Wert von $20 Millionen aufzubauen.

Positive
  • Net profit of $310,550 for Q2 2024
  • Accumulated net profit of over $2.2 million in the past 18 months
  • No issuance of unrestricted shares since May 2022
  • Targeting operational profitability by Q4 2024
  • Goal to build a $20 million portfolio of short-term rental properties
Negative
  • No operational revenue generated yet
  • Net income primarily from exiting previous investments and restructuring

ATLANTA, Ga. , Aug. 15, 2024 /PRNewswire/ -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK"), in its most recent filed of Q2 financial statement, reports a net profit of over $310,550 for the second quarter of 2024. 

Net Profit Added to Over $2.2 Million for the Past 18 Months

Its net profit for the first half of 2024 is reported at $281,940.  This marks the third profitable half year period, since the first half of 2023, when the company reported $1.95 million profit.

The company reported $2.05 million net profit for the whole year of 2023. Accumulatively, the company has made over $2.2 million net profit in the past 18 months.  

"This is a clear statement of our achievements since we refocused our business strategy to domestic short-term rental (such as Airbnb) market," asserts Stephanie Anderl, Interim CEO of VAYK. "Our next goal is to generate operational profit, which will help us to reach our goal of a $20 million portfolio of short-term rental properties under management."

No Free-tradable Shares Issued In More Than 2 Years

The filing also confirmed that the company had not issued any unrestricted shares for the whole fiscal year of 2023.  In fact, last time the company issued any unrestricted shares was back in May 2022, more than two years ago.

The only issuance of new shares during the fiscal year of 2023 was 43 million restricted shares issued to a former consultant to settle unpaid compensations. These shares are not free-tradable, and the issuance price is $0.0073, way above the current average trading price of the company's stocks.

Expecting Operational Revenue to Start from This Month

Ms. Anderl cautions that net income in the past 10 months is mostly from exiting previous investment and restructuring of investments. The company has not yet posted any operative revenue, as its new business plan has only been implemented since March 2024.

"We expect our operative revenue to start flowing in, from this month," declares Anderl. "And we aim to turn the company operationally profitable in Q4 this year."

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

VAYK Contact:

Contact@Vaycaychella.com

+1 470-804-7144

 

 

Cision View original content:https://www.prnewswire.com/news-releases/vayks-q2-profit-added-to-accumulated-net-profit-of-over-2-2-million-in-18-months-302223599.html

SOURCE Vaycaychella, Inc.

FAQ

What was Vaycaychella's (VAYK) net profit for Q2 2024?

Vaycaychella (VAYK) reported a net profit of $310,550 for Q2 2024.

How much net profit has VAYK accumulated in the past 18 months?

VAYK has accumulated over $2.2 million in net profit over the past 18 months.

When did VAYK last issue unrestricted shares?

VAYK last issued unrestricted shares in May 2022, more than two years ago.

What is VAYK's target for achieving operational profitability?

VAYK aims to become operationally profitable by Q4 2024.

What is Vaycaychella's (VAYK) portfolio goal for short-term rental properties?

VAYK's goal is to build a $20 million portfolio of short-term rental properties under management.

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