$GDMK Global Diversified Marketing Group Inc. Repo
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Posted On: 04/29/2022 12:37:26 PM
$GDMK Global Diversified Marketing Group Inc. Reports Record Revenue Growth for 2021
Revenue Increased 60.5% Over Prior-Year Level
ISLAND PARK, N.Y., March 14, 2022 (GLOBE NEWSWIRE) -- Global Diversified Marketing Group Inc., a Delaware corporation (the “Company”; OTC: GDMK), reported results today for its fiscal year ended December 31st, 2021.
Financial highlights for the full year ended December 31st, 2021, compared to the full year ended December 31st, 2020, were as follows:
Revenue increased to $2,665,017 in 2021 compared to $1,660,726 in 2020, an increase of 60.5%.
Gross profit margin was 38.9% in 2021 compared to 39.1% in 2020.
The net loss of $1,213,879 for the year ended December 31st, 2021, includes non-cash stock-based compensation of $1,121,592 expense paid to consultants and employees, compared to one-time non-operating stock-based compensation of $26,020,400 relating to the issuance of super-voting preferred stock to the Company’s Chief Executive Officer, and $168,529 in stock-based compensation to consultants during 2020. Excluding those charges, the Company’s Adjusted Net Profit (Loss) was a loss of $92,287 for the 2021 period compared to a net profit of $33,868 in 2020, or a decrease of $126,155.
https://finance.yahoo.com/news/global-diversi...00269.html
Revenue Increased 60.5% Over Prior-Year Level
ISLAND PARK, N.Y., March 14, 2022 (GLOBE NEWSWIRE) -- Global Diversified Marketing Group Inc., a Delaware corporation (the “Company”; OTC: GDMK), reported results today for its fiscal year ended December 31st, 2021.
Financial highlights for the full year ended December 31st, 2021, compared to the full year ended December 31st, 2020, were as follows:
Revenue increased to $2,665,017 in 2021 compared to $1,660,726 in 2020, an increase of 60.5%.
Gross profit margin was 38.9% in 2021 compared to 39.1% in 2020.
The net loss of $1,213,879 for the year ended December 31st, 2021, includes non-cash stock-based compensation of $1,121,592 expense paid to consultants and employees, compared to one-time non-operating stock-based compensation of $26,020,400 relating to the issuance of super-voting preferred stock to the Company’s Chief Executive Officer, and $168,529 in stock-based compensation to consultants during 2020. Excluding those charges, the Company’s Adjusted Net Profit (Loss) was a loss of $92,287 for the 2021 period compared to a net profit of $33,868 in 2020, or a decrease of $126,155.
https://finance.yahoo.com/news/global-diversi...00269.html
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