Q3 2022 Highlights
- Revenues of
$4.8 million for Q3 2022, representing an increase of 1,010% year-over-year and 74% sequentially - Revenues of
$10.1 million for the nine months endedSeptember 30, 2022 , representing an increase of 129% year-over-year - Net income of
$0.6 million in Q3 2022, representing an increase of 132% in compared to Q2 2022 - Reduced liabilities by 7% since
December 31, 2021 - Launched its commercial real estate and business brokage firm,
Monument Real Estate Partners
Management Commentary
“We delivered another quarter of record financial performance, which validates our core strategy of building lifestyle brands while diversifying our revenue streams and acquiring profitable companies with meaningful revenue,” said
“We continued to develop our core real estate platform during the quarter, recently announcing the launch of our new commercial real estate and business brokage firm
Outlook
LTBH continues to expect its revenue to increase sequentially in the fourth quarter of 2022, however the Company is revising its 2022 outlook to at least
About
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate” and similar statements of a future or forward-looking nature. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.
Company Contact:
IR@LTBH.com
Investor Relations:
+1 949-546-6326
LTBH@mzgroup.us
Source:
2022 GlobeNewswire, Inc., source