Digital Marketing

Mastermind Revenue Up 22% for Q1 Ending 12/31


Today, Mastermind, Inc. (OTC QB:MMND) – a leading vertically-integrated digital marketing firm specializing in designing, creating, and activating marketing campaigns for global brands – released its financial results for the first quarter ending December 31, 2022.

The 3-month period ending December 31, 2022 showcased impressive growth for Mastermind:

  • Revenues rising by $185,000 – an increase of 22% compared to the same period in the previous year.
  • Gross profit showed significant improvement with an increase of $88,000 – a notable 17% rise over the comparable period.

“Mastermind has delivered yet another impressive quarter, despite the historically slower revenue and profitability months of October, November, and December, which are heavy client planning periods. With a robust pipeline and a positive outlook for the next nine months, we are optimistic about the balance of the fiscal year. Additionally, the anticipated income and EBITDA from the recently announced acquisition LOI further strengthen Mastermind’s likelihood for another highly successful year,” stated Mike Gelfond, president of Mastermind.

For a comprehensive breakdown of Mastermind’s financial performance, please refer to the company’s Quarterly Report on Form 10-Q for the period ending December 31, 2022. This report was filed with the Securities Exchange Commission on January 21, 2023, and contains detailed financial information.

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