June was a solid month for Jakt with revenue ~$335,000, an increase of 12% compared to May. Revenue increased from the previous period due to continuation of existing projects as well as addition of new partners and projects.
Gross Margin increased from 47% to 52% compared to the previous period. Net Margin increased by 4%, reaching 16% from 12% in May.
Jakt continues to invest part of its profit in marketing as well as talent development.
Cash in the bank increased reaching ~590,000 due to increased revenue and a decrease in AR. In summary, the company is in a strong position to continue growing.
Wondering why we are releasing our financial results? read this.
Jakt June 2018 Financial Results
Revenue • $335,665
Gross Margin • $174,916 (52%)
Net Margin • $54,558 (16%)
Revenue • $309,745
Gross Margin • $175,247 (57%)
Net Margin • $61,200 (20%)
Full-time, Part-time and Contractors • 33
Cash on Hand
Bank Balance (before tax) • $592,860
Bank Balance (after tax) • $479,085
Trailing 12 Month Revenue • ~$2,765,000
Past Financial Results