OMID Gives Fourth-Quarter Fiscal Highlights | News

George T. Taft

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

Harmless Harbor Act:  Forward-On the lookout Statements are incorporated within the this means of Section 27A of the Securities Act of 1933, and Segment 21E of the Securities Trade Act of 1934, as amended. All statements about our predicted long term economic posture, final results of functions, money flows, funding ideas, small business technique, goods and solutions, aggressive positions, advancement chances, designs and objectives of management for foreseeable future functions, such as text this sort of as “anticipate,” “if,” “believe that,” “plan,” “estimate,” “anticipate,” “intend,” “may perhaps,” “could,” “must,” “will,” and other equivalent expressions are forward-searching statements and include threats, uncertainties and contingencies, numerous of which are further than our regulate, which may possibly lead to actual outcomes, efficiency, or achievements to differ materially from expected success, effectiveness, or achievements. We are under no obligation to (and expressly disclaim any these obligation to) update or alter our forward-searching statements, whether or not as a end result of new information and facts, upcoming situations or otherwise.

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