Zoned Properties Q2 revenue up 55% to $772,617, swings to net income of $42,159

Zoned Properties, Inc.

2023-Q2 EPS reported -$0.02 revenue$1,460,641

Revenue $772,617 (+55% YoY) for Q2 2023; net income $42,159 vs net loss $39,063 in Q2 2022.
Operating expenses rose 39% to $707,812; cash on hand $3.28M, flat vs prior quarter.
Properties secured under contracts in Arizona, Alabama, Mississippi, and Missouri for cannabis retail leases.
REZONE AI-powered cannabis real estate tech platform in preparation for commercial launch.
Management pursuing strategies to close valuation gap between tangible book value and public market price.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Zoned Properties, Inc. reported the three months ended June 30, 2023 results: revenue $772,617, net income $42,159.

Period: the three months ended June 30, 2023
Revenue: $772,617
Net income: $42,159
Result: reported results

Exact text from the filing

● Revenues were $772,617 for the quarter ended June 30, 2023, compared to revenues of $498,652 for the quarter ended June 30, 2022, representing an increase of 55%. ● The Company reported net income of $42,159 for the quarter ended June 30, 2023, as compared to a net loss of $39,063 for the quarter ended June 30, 2022.

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Zoned Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-066489

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