Our May 2018 revenue is in the $300,000 range, which has remained steady in comparison with our April financial results. The drivers behind our revenue numbers are a combination of continuous engagement from current partners, successful delivery of projects, as well as the addition of new partners.
Our gross margin has remained steady from the previous period, which is measuring in at 47%.
Our net margin decreased from 18% to 12% due to reinvesting a portion of our revenue in marketing efforts, increasing in internal special projects, as well as talent development.
As we have focused on the growth of our company by reinvesting a portion of our revenue, cash in the bank has remained constant and is in the $500,000 range.
Overall, we are in a very good position for further expansion of the company and our products and service offerings.
Wondering why we are releasing our financial results? read this.
Jakt May 2018 Financial Results
Revenue • $289,140
Gross Margin • $139,820 (48%)
Net Margin • $36,104 (%12)
Revenue • $302,380
Gross Margin • $160,198 (53%)
Net Margin • $62,213 (21%)
Full-time, Part-time and Contractors • 31
Cash on Hand
Bank Balance (before tax) • $526,300
Bank Balance (after tax) • $410,500
Past Financial Results