Mitesco reports Q3 net income of $2.0M vs $2.5M loss YoY; restructures $25M in liabilities

Mitesco, Inc.

Q3 2024 diluted EPS $0.29 (6.3M shares) vs ($0.48) loss on 5.3M shares a year earlier.
9-month operating expenses cut to $721,000 from $2.4M year prior; net income $697,000 vs ($15.8M) loss.
Over $25M in liabilities restructured; additional $4M debt converted to equity post-quarter.
Centcore data center business sees growing pipeline from municipalities and small financial institutions.
Appointed Marty Valania to Advisory Board to lead new digital marketing business unit; compensated with 75,000 restricted shares at $0.80/share.

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