$GDMK positioned for future growth here! ISLAND PA
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Posted On: 08/11/2020 11:58:10 AM
$GDMK positioned for future growth here! ISLAND PARK, N.Y., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Global Diversified Marketing Group Inc (OTC: GDMK) reported results for its second fiscal quarter ended June 30th, 2020.
Highlights for the three months ended June 30th, 2020 were as follows:
Revenues were $253,341 for the 2020 period compared to $418,638 during the same three months ended June 30th, 2019 while most of the quarter has been shut down.
Excluding a one-time $120,000 non-cash charge for stock-based compensation relating to stock issuance, operating expenses were $124,800 compared to $141,455 in the prior period.
For the six months ended June 30th, 2020, after excluding stock-based compensation, the Company’s operating loss was $51,232 compared to $53,389 in the prior year.
Secured New Distribution with over 350 Grocery Outlet Locations
Signed an Agreement with AATAC to Expand and Rollout our products in over 80,000 locations
Rapidly Growing Amazon Sales
Highlights for the three months ended June 30th, 2020 were as follows:
Revenues were $253,341 for the 2020 period compared to $418,638 during the same three months ended June 30th, 2019 while most of the quarter has been shut down.
Excluding a one-time $120,000 non-cash charge for stock-based compensation relating to stock issuance, operating expenses were $124,800 compared to $141,455 in the prior period.
For the six months ended June 30th, 2020, after excluding stock-based compensation, the Company’s operating loss was $51,232 compared to $53,389 in the prior year.
Secured New Distribution with over 350 Grocery Outlet Locations
Signed an Agreement with AATAC to Expand and Rollout our products in over 80,000 locations
Rapidly Growing Amazon Sales
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