For the quarter ending 2025-11-30, MDNC made $2,536,994 in revenue. $403,411 in net income. Net profit margin of 15.90%.
| Income Statement | 2025-11-30 | 2025-08-31 | 2024-11-30 | 2024-08-31 |
|---|---|---|---|---|
| Revenue | 2,536,994 | 3,236,305 | 2,565,048 | 1,804,020 |
| Cost of goods sold | 1,190,942 | 1,234,132 | 1,524,272 | 970,608 |
| Gross profit | 1,346,052 | 2,002,173 | 1,040,776 | 833,412 |
| Depreciation and amortization expense | 7,666 | 7,497 | 19,206 | 19,522 |
| General and administrative expenses | 435,395 | 725,472 | 379,217 | 353,808 |
| Research and development expenses | 8,326 | 66,235 | 69,270 | 1,892 |
| Sales and marketing expenses | 341,953 | 674,404 | 45,632 | 22,443 |
| Total operating expenses | -793,340 | -1,473,608 | 513,325 | 397,665 |
| Income from operations | 552,712 | 528,565 | 527,451 | 435,747 |
| Provision for impairment of note receivable | - | 0 | - | -13,207 |
| Interest income | 18,936 | 36,259 | - | 15,420 |
| Other revenue/(expense) | -21,818 | 12,272 | - | 14,154 |
| Interest expense | 7,116 | 40,274 | - | -47,085 |
| Total non-operating income and expenses | -9,998 | 8,257 | -45,977 | -30,718 |
| Income before income taxes | 542,714 | 536,822 | 481,474 | 405,029 |
| Current income taxes | -135,441 | -193,942 | - | 110,681 |
| Deferred income taxes | -3,862 | 3,686 | - | 9,599 |
| Net income | 403,411 | 346,566 | - | 284,749 |
| Diluted | - | 0.03 | - | - |
| Basic and diluted | 0.03 | 0.03 | 0.03 | 0.02 |
Medinotec Inc. (MDNC)
Medinotec Inc. (MDNC)