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People don’t realize the recent GMP certification is an expensive and important process. Paying to have a certified body come in and audit your facility is about 10k just for them to show up.. and this isn’t related to a financial audit. (2 different kinds of audits) I’m sure it required some quality assurance consultants to come in and set it up as well. (That’s not cheap as consultants charge +/- $100 an hour) The GMP certificate is huge for potential new customers and to help keep existing customers. They have to keep traceability of all raw components used in each lot of manufacturing, have SOPs in place on the correct way to manufacture, keep track of any complaints, have ways to investigate any complaints, CAPA procedures, PFMEAs and a whole bunch of other things for that certification. This tells customers you make good product and you can trust the quality of the product. I personally work as a quality consultant specializing in ISO 13485 (medical devices) and know how annoying this process can be, plus how ridiculous the rates are for a consultant in quality. That GMP certification was not cheap and a great milestone. The return on that investment will be seen throughout the rest of this companies history as they can leverage the certification when getting new customers. Might also be able to justify price increases now that it’s certified GMP.
4/20 on a pot /cbd stock would be appropriate haha
$OMID looking good today.
Adam is definitely in this chat, reads the comments, and even chimes in himself from time to time.
I couldn’t imagine selling my shares... 30,000 shares yesterday brought us up almost 25% just imagine what the up-listing and some real volume will do
Just saw this NJ Marijuana news today..
https://www.nj.com/marijuana/2022/04/legal-weed-sales-in-nj-have-officially-begun-customers-line-up-over-night.html
Just started a transfer to my fidelity account.. hopefully it clears in time to buy on Friday
No one saw this coming ??
I don’t think there will be a war.. it’s all noise... who announces when they would invade and especially if everyone is on to it.. Putin is making the US and the Biden administration look like idiots when they say all of this will happen Wednesday, but it won’t..
It doesn’t even make sense... no worries. Word will get out. Good volume today.
OMID.0608.HUGE 4Q OUT.WOW.OMID Provides Fourth-Quarter and Year-End Financial Highlights
February 01 2022 - 10:00AM
InvestorsHub NewsWire
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Phillipsburg, NJ -- February 1, 2022 -- InvestorsHub NewsWire -- Today, OMID Holdings, Inc. (OTC Pink: OMID) is pleased to share the results of an initial financial review of its fourth-quarter operations. The Unaudited Key Financial Highlights are provided below for the Fourth Quarter as well as the Year which ended on December 31, 2021.
Operating Results for the Fourth Quarter of 2021
Revenue for 4Q2021 was $1,179,409 compared to $1,084,325 for 3Q2021, a 9% improvement. In addition, 4Q2021 Revenue increased by $690,263 or 141% from $489,146 for 4Q2020.
Gross Profit for 4Q2021 was $590,749 compared to $488,397 for the 3Q2021, a 21% improvement. In addition, 4Q2021 Gross Profit increased by $303,663 or 106% from $287,086 for 4Q2020.
Net Income before Income Taxes* for 4Q2021 was $469,034 compared to $422,729 for 3Q2021, a 11% improvement. In addition, 4Q2021 Net Income before Income Taxes* increased by $228,510 or 95% from $240,524 for 3Q2020.
Operating Results for the Year of 2021
Annual Revenue for 2021 was $2,768,543 compared to $1,330,068 for the prior year, a 108% improvement.
Annual Gross Profit for 2021 was $1,351,704 compared to $649,435 for the prior year, a 108% improvement.
Annual Net Income before Income Taxes* for 2021 was $994,521, compared to $425,757 for the prior year, a 134% improvement.
“OMID’s financial highlights, which detail record revenues for both the fourth quarter and the year of 2021, convey a narrative of profitable growth organically-fueled by business operations. We inherited an ‘Accumulated Deficit’ as a direct result of our reverse merger with AVOP and I’m proud to say that we’ve converted this term on our balance sheet into ‘Retained Earnings’ - a goal of mine since day one. Having officially pulled this off, our future ambitions begin with an uplist to the OTCQB.” stated Adam Frank, Chairman & CEO of OMID Holdings, Inc.
Please use the following link to view a short video with the CEO regarding these financial highlights:
OMID.0608.HUGE 4Q OUT.WOW.OMID Provides Fourth-Quarter and Year-End Financial Highlights
February 01 2022 - 10:00AM
InvestorsHub NewsWire
Alert
Print
Share On Facebook
Phillipsburg, NJ -- February 1, 2022 -- InvestorsHub NewsWire -- Today, OMID Holdings, Inc. (OTC Pink: OMID) is pleased to share the results of an initial financial review of its fourth-quarter operations. The Unaudited Key Financial Highlights are provided below for the Fourth Quarter as well as the Year which ended on December 31, 2021.
Operating Results for the Fourth Quarter of 2021
Revenue for 4Q2021 was $1,179,409 compared to $1,084,325 for 3Q2021, a 9% improvement. In addition, 4Q2021 Revenue increased by $690,263 or 141% from $489,146 for 4Q2020.
Gross Profit for 4Q2021 was $590,749 compared to $488,397 for the 3Q2021, a 21% improvement. In addition, 4Q2021 Gross Profit increased by $303,663 or 106% from $287,086 for 4Q2020.
Net Income before Income Taxes* for 4Q2021 was $469,034 compared to $422,729 for 3Q2021, a 11% improvement. In addition, 4Q2021 Net Income before Income Taxes* increased by $228,510 or 95% from $240,524 for 3Q2020.
Operating Results for the Year of 2021
Annual Revenue for 2021 was $2,768,543 compared to $1,330,068 for the prior year, a 108% improvement.
Annual Gross Profit for 2021 was $1,351,704 compared to $649,435 for the prior year, a 108% improvement.
Annual Net Income before Income Taxes* for 2021 was $994,521, compared to $425,757 for the prior year, a 134% improvement.
“OMID’s financial highlights, which detail record revenues for both the fourth quarter and the year of 2021, convey a narrative of profitable growth organically-fueled by business operations. We inherited an ‘Accumulated Deficit’ as a direct result of our reverse merger with AVOP and I’m proud to say that we’ve converted this term on our balance sheet into ‘Retained Earnings’ - a goal of mine since day one. Having officially pulled this off, our future ambitions begin with an uplist to the OTCQB.” stated Adam Frank, Chairman & CEO of OMID Holdings, Inc.
Please use the following link to view a short video with the CEO regarding these financial highlights:
OMID YouTube Videos with titles and link
Introduction to Co-Founder & CEO Adam Frank
Well I picked up another couple thousand shares today
$OMID number 1 on the break out board a couple days ago.. currently still on the breakout board
Number 2 on the break out boards... this baby is getting ready to take off to new all time highs
I filled one out as well
How is the bid $0.0001 and the ask $1.25? Am I the only one seeing that?
Hello MMJ.. try reaching out via email to the OMID team as Ripdog did. Let them know you’re an investor. From Ripdog’s email, and Adam’s response, it seems he is open to this. I’m sure if it will increase investments he would definitely show you the facility
I think the ideas of a conference call are great. Also, I’m sure not everyone could make it to NJ, so I just want to give everyone an update about the facility as I have seen it and been there before... It has been about 2 years since I’ve seen it, so I’m sure there have been upgrades since being there. (When I was there I remember seeing a packaging machine that wasn’t set up yet, and I’m sure it is now) Anyway, when you walk in, you walk into a warehouse like area. This is where the finished goods are stored, along with incoming product. Further in the warehouse, is an enclosed clean room space for manufacturing and pre-packaging of product. If anyone is familiar with LEAN manufacturing, it means the production line runs with as little wasted steps as possible.. this facility is set up this way. Incoming is close to receiving where parts are inspected. Then, manufacturing goes around in a circle within the clean room at each step, until getting to the last step of packaging. The office section of the facility is in the same big building. If you are able to see the facility, I would recommend you do.
Ripdog... I just want to let you know I sent Adam a message about your email. I like what you said at the end. Curious to see his response as well. I don’t have private messages so I can’t respond, but I will answer in public board ha
Yea I know I’ve seen it once as well. It only showed the shares I owned when converted from private to public.. I’ve bought after that wasn’t listed.
Glad I was able to help confirm thoughts about Adam and our management team. I believe these guys will do great things and I’m happy to be along for the ride.
Hey ripdog, I don’t have private messages, but to answer your question, I have no idea.
Adam is a very smart guy and very driven. I can confirm this.. A little fun fact that I have been tempted many times to mention, but have held back as I don’t want to come off as having any extra information, cause I don’t... I used to work with Adam (at Vention/Viant) and we still remain friends. (You all can confirm this via LinkedIn - Martinell is my last name) I’ve even met Kevin a couple times when we would go out for lunch back then... One thing I remember when working with Adam was he is extremely intelligent. My mother and I actually each invested before he went public as I kept remembering him saying that one day his company was going to be publicly traded. I believe in the law of attraction, and regardless if he does or not, I could see it happening for him.. I also then watched him quit the job to focus only on OMID and I watched him bring the company public.. This guy says what he is going to do and does it... Also, he heavily watches the stock market and would trade stocks during the day at work lol... so I know he is doing all he can to get this stock price up as he understands charts and fundamentals. I am a 1000% believer in Adam and OMID.. I am super long on OMID
OMID $1 by the end of the year huge Q3 results
https://finance.yahoo.com/news/omid-provides-third-quarter-financial-140000099.html
I’m not going anywhere either. OMID for the win
Probably a typo and forgot the s at the end to say shares instead of share
Ripdog, any updates from the email?
I bought some at .004 cents in my IRA account last April/May after the original COVID shock... most of my other shares I got in at .015 cents... I don’t mind holding over these ups and downs... 7 cents, 10 cents, 20 cents.. all the same to me when holding regardless.. I wanna see it 1 dollar plus before I get excited
Glad you spotted that. Good read. I commented and shared that article on my LinkedIn page. Hopefully it draws some more eyes.
No worries, I’ve been loading and averaging down. This stock just needs more visibility as it’s a very solid company and has growing profits
I was just getting ready to share this to the chat as well... this company is just getting started
Huge growth compared to Q1 2020. Hopefully more than previous quarter (Q4 2020) as well. We shall see! Q1 2021 results should send us up higher!