---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-039301"
form_type: "8-K"
ticker: "ZDPY"
cik: "0001279620"
company_name: "Zoned Properties, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:44:17.423444+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Zoned Properties Q1 revenue down 26% to $688K; net loss widens to $310K

## Summary
- Total revenue $688K, down 26% YoY; property investment portfolio revenue $610K, up 56.5%.
- Net loss of $309.6K vs $25.7K loss in prior year; operating expenses down 25% to $696K.
- Cash on hand $3.25M, down from $4.34M; operating cash flow $3.6K.
- Acquired Michigan retail dispensary property for $4.30M, leased to NOXX Cannabis at 13.5% cap rate.

## SEC filing metadata
- accession: 0001213900-23-039301
- form_type: 8-K
- ticker: ZDPY
- cik: 0001279620
- company_name: Zoned Properties, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1279620/000121390023039301/0001213900-23-039301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1279620/000121390023039301/ea178553-8k_zonedpro.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-039301
- JSON: https://secwatch.observer/filing/0001213900-23-039301.json
- Plain text: https://secwatch.observer/filing/0001213900-23-039301.txt

## Key facts
- Earnings Releases
  Zoned Properties, Inc. reported three months ended March 31, 2023 results: revenue $688,024, net income $309,648.
  - Period: three months ended March 31, 2023
  - Revenue: $688,024
  - Net income: $309,648
  - Result: reported results
  source text: Financial Highlights: ● Revenues were $688,024 for the quarter ended March 31, 2023, compared to revenues of $938,701 for the quarter ended March 31, 2022, representing a decrease of 26%. The decrease was primarily attributable to a decrease in brokerage commission revenues, which reflects the variable nature of one-time commission events that contribute to overall brokerage revenues, offset by an increase in advisory services revenues and property investment portfolio revenues. ● Property investment portfolio revenues were $610,474 for the quarter ended March 31, 2023, compared to property investment portfolio revenues of $390,097 for the quarter ended March 31, 2022, representing an increase of 56.5%. ● Operating expenses were $696,410 for the quarter ended March 31, 2023, compared to $929,183 for the quarter ended March 31, 2022, representing a decrease of 25%, primarily attributable to a decrease in one-time brokerage commission splits. ● The Company reported a net loss of $309,648
  evidence_url: https://www.sec.gov/Archives/edgar/data/1279620/000121390023039301/0001213900-23-039301-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.