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Singhania

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Singhania

Re: None

Friday, 05/17/2024 12:08:28 PM

Friday, May 17, 2024 12:08:28 PM

Post# of 12200
$BSEM Reports Big Jump in Revenue and Margin
Revenue: Increased to $41.9 million in Q1 2024 from $600,000 in Q1 2023.
Gross Margin: Rose to 95% in Q1 2024 from 82% in Q1 2023.
Net Income: Reported positive for the first time on a US GAAP basis.
Operating Expenses: Grew to $35.1 million in Q1 2024, up from $3.1 million in Q1 2023.
Gross Profit: Increased to $39.7 million or 95% of revenue in Q1 2024 from $500,000 or 18% of revenue in Q1 2023.
https://finance.yahoo.com/news/biostem-technologies-inc-bsem-q1-070914107.html
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