OMID Gives Fourth-Quarter Fiscal Highlights | News

ALPHA, N.J., Jan. 14, 2021 /PRNewswire/ — OMID Holdings, Inc. (OTC Pink: OMID), a publicly-traded…

ALPHA, N.J., Jan. 14, 2021 /PRNewswire/ — OMID Holdings, Inc. (OTC Pink: OMID), a publicly-traded health and wellness organization, right now delivers Unaudited Crucial Fiscal Highlights for the fourth quarter.
Functioning Final results for the A few Months Ended: December 31, 2020

  • Profits was $489,146, compared to $18,658 for the same interval past year, a 2534.3% advancement.
  • Gross Financial gain was $287,085, as opposed $3,586 for the similar time period very last 12 months, a 7905.7% improvement.
  • Net earnings was $240,523, when compared to ($27,324) for the exact period very last yr, a 980.3% enhancement.
  • Functioning Results for the Twelve Months Finished: December 31, 2020
  • Revenue was $1,330,068, compared to $530,133 for the exact same period of time past yr, a 150.9% enhancement.
  • Gross Income was $649,435, in contrast to $230,638 for the identical period last year, a 181.6% enhancement.
  • Internet profits was $425,756, in comparison to $35,055 for the same period previous yr, a 1114.5% enhancement.

All comparative figures replicate the functions of OMID Holdings, Inc. (successor) detailed in the consolidated financials for each the acquisition in February 2020 the predecessor reporting entity’s functions are not factored into these calculations.

“2020 was a pivotal 12 months for OMID,” stated Adam Frank, OMID’s Chairman and CEO. “More than the earlier 12 months, the firm has exceeded its mentioned ambitions and obtained a new standard of operations. To bolster our momentous development, my staff has elected to forgive all accrued 2019/2020 salaries superb as of yr-conclude we welcome the calendar year ahead with fantastic optimism.”

About OMID Holdings, Inc.

OMID Holdings, Inc. is a publicly-traded (OTC Pink: OMID) overall health and wellness company which owns and operates a producing facility in Alpha, New Jersey. The headquarters is Fda-registered and Foodstuff Grade Licensed for creation inside of its clean home natural environment. The corporation is at present targeted on the progress, manufacture, and sale of hemp-dependent products for private label and in-dwelling manufacturers. For extra facts about the company, make sure you pay a visit to https://omidholdingsinc.com/.

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