OMID Holdings Inc (OMID)

[Jlane3965]

Operating Results for the Three Months Ended June 30, 2020

Revenue was $463,270, increasing by 2084.4% Q/Q and 116.9% compared to the same period last year.

Gross Profit was $201,757, compared to $56,549 for the same period last year, a 256.8% improvement.

Net income was $109,311, compared to $18,228 for the same period last year, a 599.7% improvement.

“I am thrilled with the exceptional execution of my entire team during the second quarter - continuing into the third quarter - as we overcame many challenges related to the coronavirus. stated Adam Frank, OMIDs chairman and CEO. Our organizations commitment to safety, quality, integrity, and value combined with consistent innovation and operational flexibility is steadily generating exciting opportunities. In recognition of our current reporting status, I look forward to providing more detailed and consistent updates for our shareholders.”