Zoned Properties Q2 net loss of $39K vs net income $113K year ago; revenue down 9.3%

Zoned Properties, Inc.

2022-Q2 EPS reported -$0.01 revenue$1,437,353

Revenue for six months ended June 30, 2022 rose 60.4% to $1.44M from $896K; net loss of $64.8K vs net income of $41.3K.
Q2 revenue $498.7K, down 9.3% YoY; net loss $39.1K vs net income $112.6K.
New $4.5M debt facility secured in July 2022 to fund property acquisitions and portfolio expansion.
Launched Rezone Beta PropTech platform in April 2022; invested in AnamiTech in July.
Brokerage division closed over $50M in real estate transactions, earning ~$1M in commissions.

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