July revenue increased by more than 40% compared to June reaching ~$471,490. The increase was due to establishing a recruiting branch within the company as well as the start of new projects.
Gross margin remains steady at ~51% while Net Margin increased from 16% to 27%. The increase in Net Margin was the result of full utilization of existing operating resources which helped us reach the higher revenue numbers without incurring additional overhead.
As a result of the increased revenue and Net Margin, cash in the bank increased from ~$600,000 to ~$750,000.
The company is well positioned to continue growing and expanding its product offerings.
Wondering why we are releasing our financial results? read this.
Jakt July 2018 Financial Results
Revenue • $471,490
Gross Margin • $240,535 (51%)
Net Margin • $129,045 (27%)
Trailing 12 Month Revenue • ~$3,056,563.21
Revenue • $435,685
Gross Margin • $272,295 (62%)
Net Margin • $159,465 (37%)
Full-time, Part-time and Contractors • 34
Past Financial Results