Business
OMID Provides Third-Quarter Financial Highlights
OMID Provides Third-Quarter Financial Highlights.
About this update from Omid Holdings, Inc.
[{"type":"text","content":"\n\n\n\nOMID Provides Third-Quarter Financial Highlights\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nOMID Provides Third-Quarter Financial Highlights\nPR Newswire\nALPHA, N.J., Oct. 12, 2021\n\n\n\nALPHA, N.J., Oct. 12, 2021 /PRNewswire/ -- Today, OMID Holdings, Inc. (OTC Pink: OMID) has completed an initial financial review of its third quarter operations. The Unaudited Key Financial Highlights are provided below for the Three Months Ended September 30, 2021.\nOperating Results for the Nine Months Ended September 30, 2021\nRevenue for the nine months ended September 30, 2021 was $1,589,133 compared to $840,922 for the nine months ended September 30, 2020, a 89% improvement from the same period in 2020. Gross Profit for the nine months ended September 30, 2021 was $760,956, compared to $362,349 for the nine months ended September 30, 2020, a 110% improvement from the same period in 2020. Net Income before income taxes for the nine months ended September 30, 2021 was $526,287, compared to $185,233 for the same period last year, a 184% improvement.  Operating Results for the Three Months Ended September 30, 2021\nRevenue for the three months ended September 30, 2021 was $1,084,325 compared to $226,684 for the three months ended June 30, 2021, a 378% improvement from the previous quarter. In addition, revenue for the third quarter of 2021 increased by $727,881 or 204% from $356,444 for the three months ended September 30, 2020. Gross profit for the three months ended September 30, 2021 was $488,397 compared to $133,433 for the three months ended June 30, 2021, a 266% improvement from the previous quarter. In addition, gross profit for the third quarter of 2021 increased by $331,684 or 212% from $156,713 for the three months ended September 30, 2020. Net income before income taxes for the three months ended September 30, 2021 was $422,729 compared to $57,313 for the three months ended June 30, 2021, a 638% improvement from the previous quarter. In addition, net income for the third quarter of 2021 increased by $325,910 or 337% from $96,819 for the three mo...