Scores Holding Co reported quarterly revenue of $73,500 and net income of $31,875, translating to basic and diluted earnings per share of $0.000 on 165,186,144 weighted average shares. The company moved from a prior-period net loss to a modest operating and net profit driven by lower general and administrative costs. Management cited steady licensing income and said potential acquisitions and external funding remain part of the outlook.
Financial Highlights
- Total Revenue: $0.0735 million ($73,500), unchanged vs. prior period.
- Operating Income: $0.0319 million — reported as Income/(Loss) from Operations $31,875 (improvement from $(22,508)).
- Net Income: $0.0319 million — $31,875 versus prior period net loss of $(22,900).
- Net Income (Loss) Per Share: $0.000 basic and diluted (weighted average shares 165,186,144).
- General and Administrative Expenses: $0.0416 million, reduced from $0.0960 million, contributing to improved profitability.
Business Highlights
- Revenue Stability: Quarterly revenues held steady at $73,500, reflecting continued licensing income from existing clubs.
- Licensing Footprint: Six clubs operate under Scores trademarks across six U.S. cities, sustaining the company's core brand presence.
- Operational Cost Reduction: Declines in accounting, SEC filing and insurance costs reduced G&A expenses.
- Licensing Model: Royalties are received via percentage-of-revenue arrangements or flat monthly rates, providing predictable cash inflows.
- Outlook and Corporate Activity: Management notes modest ongoing legal expenses, potential acquisitions under consideration, and the need for external funding to support future initiatives.
Original SEC Filing:
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