$STHZ $STHZF StateHouse Holdings Inc - Q2 2022 "Ne
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Posted On: 08/25/2022 11:19:25 PM
$STHZ $STHZF StateHouse Holdings Inc - Q2 2022 "Net Revenues Up 125%"
https://stockhouse.com/news/press-releases/20...esults-and
The only reason why this quarter wasn't profitable is due to expenses more than doubling due to merger and acquisition expenses. Q2 2022 exp 28.9 million compared to 9 million the same quarter last year. Q2 2022 loss was 13.4 million instead of a profit of 1.7 million. Use only 9 million for expenses and we have a profit of 4 million. Our current cash position is 22.8 million vs. 26.9 million the same quarter last year. So after extensive merger and acquisition activities we're only down 4 million in cash. Still plenty to of cash for organic growth.
https://stockhouse.com/news/press-releases/20...esults-and
The only reason why this quarter wasn't profitable is due to expenses more than doubling due to merger and acquisition expenses. Q2 2022 exp 28.9 million compared to 9 million the same quarter last year. Q2 2022 loss was 13.4 million instead of a profit of 1.7 million. Use only 9 million for expenses and we have a profit of 4 million. Our current cash position is 22.8 million vs. 26.9 million the same quarter last year. So after extensive merger and acquisition activities we're only down 4 million in cash. Still plenty to of cash for organic growth.
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