LeafBuyer Technologies Inc (OTC:LBUY) stock In Focus After 134% Rise in Quarterly Net Income
The announcement of financial results often brings attention to stocks, and this morning it would not be a surprise if the LeafBuyer Technologies Inc (OTC:LBUY) stock gains traction among investors. The company hit the news wires yesterday after it announced its financial results for the fiscal quarter that ended on December 31, 2024.
Strong Results
In the second fiscal quarter of the 2023 financial year, LeafBuyer Technologies recorded revenues of $1717127 and that reflected a 20% year on year rise from the $1434132 in revenues recorded in the prior year quarter. Another significant take away from the financial results was the considerably year on year rise in the gross margins by as much as 68%. However, the biggest turnaround was seen in the net income which swung from a loss of $220010 to a profit of $78815 in the quarter. That reflected a turnaround of as much as 134%.
Further Information
In the news release, LeafBuyer Technologies also stated that in the last quarter of the 2024 fiscal year, the company had strong momentum and that became apparent in the financial performance. It will be interesting to see how the stock performs this morning.
Key Quote
Kurt Rossner, Chief Executive Officer of Leafbuyer stated, “The company had nice momentum in the last quarter of the year. We were able to secure several large spending MSOs that have increased our overall revenue numbers. Cost reductions are continuing to add to the gross margins, with a nearly 70% increase year to year.”
Technicals
| +/- EMA(20) | 0.0193 (-5.18%) |
| +/- SMA(50) | 0.0171 (+7.02%) |
| +/- SMA(200) | 0.0142 (+28.87%) |
| 5-Day Perf. | -34.64% |
| 1-Month Perf. | +34.56% |
| 3-Month Perf. | +40.77% |
| 6-Month Perf. | +1563.64% |
| YTD Perf. | -6.15% |
| 1-Year Perf. | -37.11% |
| RSI(14) | 49.48 |
| ATR(14) | 0.01 |
| ADX(14) | 54.67 |
| Beta (5Y) | 3.67 |
