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ADM Endeavors Reports Second Quarter Fiscal 2024 Financial Results

Q2 Revenues Increased 18% Year over Year FORT WORTH, TX, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Just Right Products Inc., the wholly owned subsidiary of ADM Endeavors ("ADM" or the "Company") (OTCQB:ADMQ), announces its financial results for the three- and 6-months ended June 30, 2024. Unless otherwise stated, all dollar amounts are U.S. dollars. Financial Highlights Operating Results for the 3-Months Ended June 30, 2024: Revenue was $1,222,600, a 5% decrease over $1,291,250 reported in Q2 2023 but a 16% improvement over the prior quarter's $1,056,138. Gross margin of 35% fell from 38% in Q2 2023 but increased from the prior quarter's 32%. Operating income of $1,564 was $85,689 less than the $87,253 operating income in Q2 2023 but increased $74,227 over the prior quarter's $59,163 operating loss. Net income of $201 decreased $117,347 versus $117,548 in Q2 2023 but increased $64,337 over Q1 2024's net loss of $64,136. At June 30, 2024, the Company had cash of $124,192, access to a $3,000,000 line of credit, and accounts receivable of $431,252. Operating Results for the 6-Months Ended June 30, 2024: Revenue of $2,278,738 increased 18% over the $1,931,694 reported for the comparable year-ago period. Gross margin of 33% improved from 32% during the first 6-months of 2023. Operating loss of $44,099 improved $22,961 over the $67,060 operating loss during the first 6-months of 2023. Net loss of $63,935 versus net income of $6,951 during the comparable year-ago period. Management Commentary "The second quarter showed continued strength ...