Business
Mastermind Net Income Up 430% and 270% respectively for 3- and 9- month period ended June 30, 2022*
Mastermind Net Income Up 430% and 270% respectively for 3- and 9- month period ended June 30, 2022*.
About this update from Mastermind, Inc.
[{"type":"text","content":"\nMastermind, Inc. (OTC QB: MMND), a leading vertically-integrated digital marketing company that designs, creates and activates marketing initiatives for global brands, today announced financial results for the 3 months and 9 months ended 6-30-22 for FY 2022, ended September 30, 2022.\n\nDan Dodson, CEO of Mastermind, commented, “The Mastermind team has done an outstanding job of driving revenue across numerous marketing disciplines including influencer, content, social, and mobile. Net Income is up over 25% in FYE 9/30/22 over FYE 9/30/21 through the first nine months, and over 270% when the PPP forgiveness is excluded from 9/30/21 results. Business looks very positive for the balance of this year and next. Mastermind is also actively pursuing acquisitions.”\n\nPeriod Ended 6-30-22 Highlights\n\n\nNet Income for the 9-month period ending 6/30/22 was $573,230, an increase of 26% over the comparable period in 2021, and an increase of 270% over the comparable period when $301,750 of PPP Loan forgiveness is excluded from 2021 results\n\n\nNet Income for the quarter ended 6/30/22 was $426,315 an increase of 6% over the comparable period in 2021, and an increase of 430% when $301,750 of PPP Loan forgiveness is excluded from 2021 comparable quarter results\n\n\nRevenues for the quarter ended ending 6/30/22 were $1,460,832 an increase of 22% over the comparable period in 2021\n\n\nStockholders’ Equity was $2,601,346 at 6/30/22, an increase of 53% over the comparable period in 2021\n\n\nDetailed financial information can be found in Mastermind’s Quarterly Report on Form 10-Q for the period ended June 30, 2022, as filed with the Securities Exchange Commission on August 19, 2022.\n\nAbout Mastermind, Inc.\n\nMastermind, Inc. provides thinking that drives results for leading marketers. It has almost 40 years of experience in dozens of industries helping involve people with leading brands in ways that inspire them to take action. Mastermind has a total, data-driven approach that drives brand consideration, trial, loyalty, and advocacy. The company has extensive marketing expertise in Content, Digital, Influencer, Social, Promotion, Channel Optimization, and Digital Issues Management. This allows Mastermind to create and execute multi-dimensional campaigns that drive results. For more information about Mastermind, In...