Zoned Properties Q1 revenue +22% to $837K, net income $96K vs loss, launches $1M buyback

Zoned Properties, Inc.

2024-Q1 EPS reported $0.01 revenue$837,052

Revenue $837,052 vs $688,024 (+22%); net income $96,473 ($0.01 EPS) vs net loss $309,648.
Operating income $128,909 vs operating loss $23,386; cash from ops $207,218 vs $3,589.
Cash on hand $1.52M as of March 31, 2024, down from $3.1M due to Chicago acquisition.
Board approved stock repurchase program of up to $1 million subsequent to quarter end.
After year end: acquired Chicago dispensary at 16.5% cap rate; listed Chino Valley property for $16M.

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 first quarter ended March 31, 2024 results: revenue $837,052, net income $96,473, EPS $0.01.

Period: first quarter ended March 31, 2024
Revenue: $837,052
Net income: $96,473
EPS: $0.01
Result: reported results

Exact text from the filing

Revenues were $837,052 for the quarter ended March 31, 2024

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Source: SEC EDGAR

accession 0001213900-24-042565

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