secwatch.observer — SEC 8-K summary
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Issuer:     Zoned Properties, Inc. (ZDPY)
CIK:        0001279620
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001213900-24-042565
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1279620/000121390024042565/0001213900-24-042565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1279620/000121390024042565/ea0206032-8k_zoned.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-042565

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer