earnings
confidence high
sentiment positive
materiality 0.70
MangoRx reports H1 2024 revenue up 56% YoY to $377K; shareholders' equity jumps 1,685% to $13.8M
MANGOCEUTICALS, INC.
2024-Q2 EPS reported
-$0.19
revenue$377,258
- Revenue $377,258 for six months ended June 30, 2024, up 55.92% from $241,959 YoY; gross profit $217,190 (+50.48%).
- Shareholders' equity increased to $13,829,445 vs $774,754 at Dec 31, 2023 (+1,685%), largely due to Intramont patent portfolio acquisition in April 2024.
- Company plans to launch compounded ODT GLP-1 inhibitors (Semaglutide/Tirzepatide) for weight loss and hormone therapy MOJO (Enclomiphene/pregnenolone).
- CEO highlights launch of DEA-approved telemedicine operating system.