earnings
confidence high
sentiment positive
materiality 0.65
Old Market Capital narrows Q2 net loss to $0.45M; Amplex adds $3M revenue
OLD MARKET CAPITAL Corp
- Net loss attributable to common shareholders of $0.45M vs. $10.5M in Q2 2023; EPS improved to ($0.07) from ($1.44).
- Amplex Electric contributed ~$3M revenue and $410K income for the quarter.
- Amplex received $21.3M RUS Loan approval, drawable over the next 5 years.
- Total operating expenses rose 147.5% to $3.98M due to restructuring and acquisition costs.