Yes, in the sub-dollar stock range you don't often come across such a great financial success story which has already reached profitability like OMHI. This is a no-brainer to buy and accumulate for the eventual pps appreciation when the more investors take notice here.
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Financial Highlights for the Fiscal Year Ended August 31, 2022 (as compared to the fiscal year ended August 31, 2021):
Total revenues increased 28.7% to $37.2 million, from $28.9 million.
Gross Profit grew 37.4% to $12.2 million from $8.9 million, and gross margin widened. 210 basis points to 32.9%.
Operating income expanded 44.0% to $2.6 million, from $1.8 million, and operating margin improved 80 basis points to 6.9%.
Net income increased 42.0% to $2.4 million, from $1.7 million, and the net income margin widened by 60 basis points to 6.5%.
Earnings per share improved to $0.05 from $0.04.
Net margins increased due to higher food service and yacht provisioning sales increase buying power.
Bullish
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