For the quarter ending 2024-09-30, NMGX made $640,271 in revenue. -$1,409,093 in net income. Net profit margin of -220.08%.
| Income Statement | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Net revenues | 640,271 | 616,623 | ||
| Cost of sales | 616,120 | 662,583 | ||
| Gross profit | 24,151 | -45,960 | ||
| General and administrative expenses | 206,497 | 256,291 | ||
| Professional fees (includes noncash compensation of 383,817, 395,199, 89,624 and 247,791 in the three-and-nine months ended september 30, 2024 and september 30, 2023, respectively) | 531,075 | 176,331 | ||
| Research and development | 23,649 | 21,623 | ||
| Stock compensation expense | - | 7,835 | ||
| Salaries, wages and related benefits (includes noncash compensation of 387,678, 392,631, 30,375 and 162,601 in the three-and-nine months ended september 30, 2024 and september 30, 2023, respectively) | 630,623 | 230,916 | ||
| Selling and marketing expenses | 83,946 | 49,076 | ||
| Operating expenses | 1,475,790 | 742,072 | ||
| Operating income (loss) | -1,451,639 | -788,032 | ||
| Interest and other income | - | 3,177 | ||
| Interest and other income (expense) | 845 | - | ||
| Interest and debt expense | 12,211 | 13,028 | ||
| Gain from sale of subsidiary | 56,067 | - | ||
| Lossfromsaleofnotereceivable | - | 26,782 | ||
| Income (loss) from investment in subsidiary | -2,155 | - | ||
| Nonoperating income (expense) | 42,546 | -36,633 | ||
| Net loss | -1,409,093 | -824,665 | ||
| Basic eps | -0.1 | -0.06 | ||
| Diluted eps | -0.1 | -0.06 | ||
| Basic average shares | 14,028,240 | 13,565,122 | ||
| Diluted average shares | 14,028,240 | 13,565,122 | ||
Nano Magic Inc. (NMGX)
Nano Magic Inc. (NMGX)