Thursday, November 15, 2018 6:16:21 PM
REVENUE
Total Revenue (per quarter)
872Sep 30, 2018
817k Jun 30, 2018
771k Mar 31, 2018
Gross Profit (per quarter)
438k Sep 30, 2018
414k Jun 30, 2018
399k Mar 31, 2018
Excerpt Q Sep 30:
https://www.otcmarkets.com/stock/ITKH/news/iTeknik-Holding-Corporation-Posts-39-Increase-in-Revenues-from-Prior-Year-to-1587487-in-its-Semiannual-Report-for-the-Pe?id=201219
Revenues improved 29.7% from the prior nine-month period from $1,587,457 to $2,458,976
Revenues improved 6.8% from the prior three-month period from $815,880 to $871,519
Gross Margins were 50% and 51% for the three- and nine-month periods respectively
https://backend.otcmarkets.com/otcapi/company/financial-report/206550/content
SHARE STRUCTURE
Float
174,686,155
11/07/2018
Outstanding Shares
233,080,275
11/07/2018
Authorized Shares
975,000,000
11/07/2018
RECENT NEWS
iTeknik Holding Corporation Posts 39% Increase in Revenues from Prior Year to $1,587,487 in its Semiannual Report for the Period Ending June, 30, 2018
West Palm Beach, FL, Aug. 16, 2018 (GLOBE NEWSWIRE) --
iTeknik Holding Corporation (OTC PINK:ITKH) today announced its semiannual results for the period ending June 30, 2018. Recently the Company announced that it had changed is fiscal year from ending in June to ending in December. This is the reason that this is a second 2Q report posted this year. The results for the period were primarily from its wholly owned subsidiary, Big Rhino Corporation.
Highlights of the financials which are posted on OTC Markets include these improvements from prior quarter:
Revenues improved 39% from the prior six month period from $1,145,142 to $1,587,457
Revenues improved 6% from the prior three month period from $771,557 to $815,880
Gross Margin was 51% for both the three and six month periods.
The Company also reported a lower net loss quarter-over-quarter of $237,839 versus $319,390. The prior quarter includes an extraordinary charge of $45,585 for employee stock plan costs. The net loss from the current quarter includes $225,000 of interest payments accrued as part of the TCA Global Fund debenture agreement. The interest is accrued in the Company’s financial reports but has not been paid due to litigation with TCA Global Fund which has been previously reported.
Big Rhino, a full service advertising agency, began operations on January 2, 2017 led by its President, Kyle Eng and his team in Peoria, Arizona. Mr. Eng also manages the Company’s other subsidiary, The Blender Company; also located in Arizona. Blender is a multi-cultural focused advertising and digital media firm with long standing clients in state and local government agencies.
Fred Wicks, iTeknik's Chairman and CEO said, “We are well into our second year of operation and Kyle and his team continue to grow the business as a strong rate. This comes on the heels of a phenomenal first year of operation in which they grew the business 105%.”
Wicks also said, “In addition to the financial success, Big Rhino has had nearly no turnover in its diversified client base which is the result of Big Rhino’s extraordinary quality, delivery time and client focus.
The approximate breakdown of the Company’s client base consists of:
Automotive 73.6%
Medical services 12.2%
Real estate 2%
Other segments 12.2%
iTeknik Holding Corporation Posts 39% Increase in Revenues from Prior Year to $1,587,487 in its Semiannual Report for the Period Ending June, 30, 2018Press Release | 08/16/2018
iTeknik Holding Corporation Reports 55% Increase in Revenues Year over Year to $771,577 for the Quarter Ending March 31, 2018Press Release | 05/21/2018
iTeknik Holding Corporation Launches Social Media Campaign to Enhance Investor and General Public CommunicationsPress Release | 04/11/2018
iTeknik Holding Corporation Reports 14% Increase in Revenues to $856103 for the Quarter Ending December, 31, 2017Press Release | 02/20/2018
https://www.otcmarkets.com/stock/ITKH/news
not a single share added to the tiny float in months...revenues growing...historic hesitance to take convertible debt
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