Zoned Properties Announces Exceptional Full Year 2024 Financial Results and Intent to Explore Strategic Opportunities for AI-Powered PropTech Platform
Zoned Properties (ZDPY) reported strong financial results for FY2024, with total revenues reaching $3,793,289, a 31% increase from 2023. The company achieved a significant turnaround with net income of $573,958 ($0.06 per diluted share), compared to a net loss in 2023, marking a 206% improvement.
Key financial metrics for FY2024 include:
- Income from operations increased 552% to $1,103,170
- Cash from operating activities grew 600% to $578,218
- Operating expenses decreased 1% to $2,690,119
- Cash position of $1,019,980 as of December 31, 2024
Q4 2024 showed robust growth with revenues up 75% to $1,234,281 and net income of $450,896. The company announced plans to explore strategic opportunities for its AI-powered PropTech platform REZONE, which uses machine learning for real estate data analysis. A previously announced share repurchase program of up to $1 million continues.
Zoned Properties (ZDPY) ha riportato risultati finanziari solidi per l'anno fiscale 2024, con ricavi totali che hanno raggiunto $3,793,289, un aumento del 31% rispetto al 2023. L'azienda ha ottenuto un significativo cambiamento con un reddito netto di $573,958 ($0.06 per azione diluita), rispetto a una perdita netta nel 2023, segnando un miglioramento del 206%.
I principali indicatori finanziari per l'anno fiscale 2024 includono:
- Il reddito operativo è aumentato del 552% a $1,103,170
- Il cash flow dalle attività operative è cresciuto del 600% a $578,218
- Le spese operative sono diminuite dell'1% a $2,690,119
- Posizione di cassa di $1,019,980 al 31 dicembre 2024
Il quarto trimestre del 2024 ha mostrato una crescita robusta con ricavi aumentati del 75% a $1,234,281 e un reddito netto di $450,896. L'azienda ha annunciato piani per esplorare opportunità strategiche per la sua piattaforma PropTech alimentata da AI, REZONE, che utilizza l'apprendimento automatico per l'analisi dei dati immobiliari. Un programma di riacquisto di azioni precedentemente annunciato fino a $1 milione continua.
Zoned Properties (ZDPY) reportó resultados financieros sólidos para el año fiscal 2024, con ingresos totales que alcanzaron $3,793,289, un aumento del 31% en comparación con 2023. La empresa logró una importante recuperación con un ingreso neto de $573,958 ($0.06 por acción diluida), en comparación con una pérdida neta en 2023, marcando una mejora del 206%.
Los principales indicadores financieros para el año fiscal 2024 incluyen:
- Los ingresos por operaciones aumentaron un 552% a $1,103,170
- El flujo de efectivo de las actividades operativas creció un 600% a $578,218
- Los gastos operativos disminuyeron un 1% a $2,690,119
- Posición de efectivo de $1,019,980 al 31 de diciembre de 2024
El cuarto trimestre de 2024 mostró un crecimiento robusto con ingresos aumentados un 75% a $1,234,281 y un ingreso neto de $450,896. La empresa anunció planes para explorar oportunidades estratégicas para su plataforma PropTech impulsada por IA, REZONE, que utiliza aprendizaje automático para el análisis de datos inmobiliarios. Un programa de recompra de acciones previamente anunciado de hasta $1 millón continúa.
존드 프로퍼티 (ZDPY)는 2024 회계연도에 대한 강력한 재무 결과를 보고했으며, 총 수익은 $3,793,289에 달해 2023년 대비 31% 증가했습니다. 이 회사는 2023년의 순손실에 비해 $573,958 ($0.06의 희석 주당 순이익)로 상당한 반전을 이루었으며, 이는 206%의 개선을 나타냅니다.
2024 회계연도의 주요 재무 지표는 다음과 같습니다:
- 운영 수익이 552% 증가하여 $1,103,170에 달했습니다.
- 운영 활동에서의 현금 흐름이 600% 증가하여 $578,218에 달했습니다.
- 운영 비용이 1% 감소하여 $2,690,119에 달했습니다.
- 2024년 12월 31일 기준 현금 잔고는 $1,019,980입니다.
2024년 4분기에는 수익이 75% 증가하여 $1,234,281에 달하고 순이익이 $450,896에 달하는 견고한 성장을 보였습니다. 이 회사는 머신러닝을 활용한 부동산 데이터 분석을 위한 AI 기반 PropTech 플랫폼 REZONE의 전략적 기회를 탐색할 계획을 발표했습니다. 최대 $1백만의 자사주 매입 프로그램이 계속 진행됩니다.
Zoned Properties (ZDPY) a rapporté de solides résultats financiers pour l'exercice 2024, avec des revenus totaux atteignant 3 793 289 $, soit une augmentation de 31 % par rapport à 2023. L'entreprise a réalisé un retournement significatif avec un bénéfice net de 573 958 $ (0,06 $ par action diluée), contre une perte nette en 2023, marquant une amélioration de 206 %.
Les principaux indicateurs financiers pour l'exercice 2024 comprennent :
- Les revenus d'exploitation ont augmenté de 552 % pour atteindre 1 103 170 $
- Les flux de trésorerie des activités opérationnelles ont crû de 600 % pour atteindre 578 218 $
- Les dépenses d'exploitation ont diminué de 1 % pour s'établir à 2 690 119 $
- Position de trésorerie de 1 019 980 $ au 31 décembre 2024
Le quatrième trimestre 2024 a montré une croissance robuste avec des revenus en hausse de 75 % à 1 234 281 $ et un bénéfice net de 450 896 $. L'entreprise a annoncé des projets d'exploration d'opportunités stratégiques pour sa plateforme PropTech alimentée par l'IA, REZONE, qui utilise l'apprentissage automatique pour l'analyse des données immobilières. Un programme de rachat d'actions précédemment annoncé d'un montant allant jusqu'à 1 million de dollars se poursuit.
Zoned Properties (ZDPY) hat für das Geschäftsjahr 2024 starke finanzielle Ergebnisse gemeldet, mit Gesamterlösen von $3,793,289, was einem Anstieg von 31% im Vergleich zu 2023 entspricht. Das Unternehmen hat eine signifikante Wende mit einem Nettogewinn von $573,958 ($0.06 pro verwässerter Aktie) erreicht, im Vergleich zu einem Nettverlust im Jahr 2023, was eine Verbesserung von 206% darstellt.
Die wichtigsten finanziellen Kennzahlen für das Geschäftsjahr 2024 umfassen:
- Der Betriebsgewinn stieg um 552% auf $1,103,170
- Der Cashflow aus operativen Tätigkeiten wuchs um 600% auf $578,218
- Die Betriebskosten sanken um 1% auf $2,690,119
- Cash-Position von $1,019,980 zum 31. Dezember 2024
Das vierte Quartal 2024 zeigte ein robustes Wachstum mit einem Umsatzanstieg von 75% auf $1,234,281 und einem Nettogewinn von $450,896. Das Unternehmen kündigte Pläne an, strategische Möglichkeiten für seine KI-gestützte PropTech-Plattform REZONE zu erkunden, die maschinelles Lernen zur Analyse von Immobiliendaten verwendet. Ein zuvor angekündigtes Aktienrückkaufprogramm von bis zu $1 Million wird fortgesetzt.
- Revenue growth of 31% year-over-year to $3.79M
- Net income turnaround to $573,958 from previous year loss
- Operating income increased 552% to $1.1M
- Operating expenses decreased 1%
- Strong Q4 performance with 75% revenue growth
- Ongoing $1M share repurchase program
- Cash position decreased to $1.02M from $3.1M in 2023
Revenue for the Twelve Months Ended December 31, 2024 Increased
31% Net Income for the Twelve Months Ended December 31, 2024 Increased
206% Cash Provided by Operations for the Twelve Months Ended December 31, 2024 Increased
600% Previously Announced Share Repurchase Program for up to
$1 Million Continues
SCOTTSDALE, AZ / ACCESS Newswire / March 25, 2025 / Zoned Properties®, Inc. ("Zoned Properties" or the "Company") (OTCQB:ZDPY), a technology-driven property investment company for emerging and highly regulated industries, including legalized cannabis, is thrilled to report its outstanding financial performance for the three months and full year ended December 31, 2024. The Company also announces its intent to explore strategic options for its innovative AI-powered PropTech platform, including REZONE, aiming to unlock additional value for shareholders.
Selected Financial Highlights for the Full Year Ended December 31, 2024:
Total revenues were
$3,793,289 for the year ended December 31, 2024, compared to total revenues of$2,886,991 for the year ended December 31, 2023, an increase of31% .The Company reported net income of
$573,958 , or$0.06 per fully diluted share, for the year ended December 31, 2024, as compared to a net loss of ($540,258) , or ($0.04) per fully diluted share, for the year ended December 31, 2023, an increase of206% .Income from operations was
$1,103,170 for the year ended December 31, 2024, compared to$169,187 for the year ended December 31, 2023, an increase of552% .Cash provided by operating activities was
$578,218 for the year ended December 31, 2024, compared to$82,547 for the year ended December 31, 2023, an increase of600% .Operating expenses were
$2,690,119 for the year ended December 31, 2024, compared to$2,717,804 for the year ended December 31, 2023, a decrease of1% .The Company had cash on hand of
$1,019,980 as of December 31, 2024, compared to cash on hand of$3,099,795 as of December 31, 2023. The decrease in cash position primarily reflects the Company's use of funds for property acquisitions.
Selected Financial Highlights for the Three Months Ended December 31, 2024:
Total revenues were
$1,234,281 for the quarter ended December 31, 2024, compared to$705,900 for the quarter ended December 31, 2023, an increase of75% .The Company reported net income of
$450,896 for the quarter ended December 31, 2024, compared to a net loss of$387,292 for the quarter ended December 31, 2023, an increase of216% .Income from operations was
$425,935 for the quarter ended December 31, 2024, compared to$78,656 for the quarter ended December 31, 2023, an increase of442% .Cash provided by operating activities was
$122,855 for the quarter ended December 31, 2024, compared to$54,222 for the quarter ended December 31, 2023, an increase of127% .
Exploration of Strategic Options for PropTech Platform:
Building on the internal success of its proprietary REZONE platform, Zoned Properties is announcing plans to actively explore strategic opportunities to expand the Company's PropTech applications within and beyond the regulated cannabis sector. The Company will evaluate partnership opportunities with third-party technology platforms that may be complementary and will explore options to commercially deploy the PropTech platform within the cannabis real estate industry, as well as other industries with the goal of unlocking its full potential to streamline zoning and land use processes. The Company's REZONE platform utilizes artificial intelligence and machine learning algorithms to intelligently collect, rationalize, and categorize vast streams of real estate data, providing users with comprehensive zoning and land use insights.
Given its proven capabilities in assisting the Company with its internal operations and the competitive advantage provided by the technology to date, the Company believes that its PropTech platform, including REZONE, has the potential for broader applications across various industries, which could significantly enhance shareholder value.
Management Commentary:
"Our robust financial performance in 2024 in the midst of a challenged operating environment is a testament to the dedication and expertise of our team," said Bryan McLaren, Chief Executive Officer of Zoned Properties. "We recognize the disconnect between our current market valuation and the tangible book value of our real estate assets and business operations. To address this, we are utilizing our share repurchase program and will continue to do so to enhance shareholder value. Moreover, as we look ahead, we are excited about the scalability of our direct-to-consumer real estate portfolio, and the potential PropTech opportunities we have been exploring. By evaluating strategic positioning and partnership for REZONE, we are exploring how we can leverage its advanced AI capabilities to serve a broader user-base, with the goal of unlocking further value for our shareholders."
About Zoned Properties, Inc. (OTCQB: ZDPY):
Zoned Properties Inc. ("Zoned Properties" or the "Company") (OTCQB: ZDPY) is a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry in the United States. The Company aspires to innovate within the real estate development sector, focusing on direct-to-consumer real estate that is leased to the best-in-class cannabis retailers.
Headquartered in Scottsdale, Arizona, Zoned Properties is redefining the approach to commercial real estate investment through its standardized investment process backed by its proprietary property technology. Zoned Properties has developed a national ecosystem of real estate services to support its real estate development model, including a commercial real estate brokerage and a real estate advisory practice. With a decade of national experience and a team of experts devoted to the emerging cannabis industry, Zoned Properties is addressing the specific needs of a modern market in highly regulated industries. The Company targets commercial properties that face unique zoning or development challenges, identifies solutions that can potentially have a major impact on their commercial value, and then works to acquire the properties while securing long-term, absolute-net leases.
Zoned Properties targets commercial properties that can be acquired and rezoned for specific purposes, including the regulated and legalized cannabis industry. It does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the "CSA"). Zoned Properties corporate headquarters are located at 8360 E. Raintree Dr., Suite 230, Scottsdale, Arizona. For more information, call 877-360-8839 or visit www.ZonedProperties.com.
Twitter: @ZonedProperties
LinkedIn: @Zoned Properties
Safe Harbor Statement
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company's filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Investor Relations
Zoned Properties, Inc.
Bryan McLaren
Tel (877) 360-8839
Investors@zonedproperties.com
www.zonedproperties.com
SOURCE: Zoned Properties, Inc.
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