Bemax, Inc. Announces Outstanding Financial Results for Fiscal Year 2024 [Yahoo! Finance]
BEMAX INC (BMXC)
NASDAQ:AMEX Investor Relations:
marketwired.com/press-release/bemax-inc-reports-second-quarter-2016-results-2188373.htm
Company Research
Source: Yahoo! Finance
Dallas, Georgia--(Newsfile Corp. - July 8, 2024) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and women's hygienic sanitary products, is pleased to announce its financial results for the fiscal year 2024, showcasing a remarkable increase in revenue and a substantial reduction in operational expenses. Bemax achieved a revenue of $117,405, a staggering increase of over 600% compared to $8,100 in the prior year. This exponential growth was driven by an expanded sales network and direct shipments from the factory to customers, significantly reducing shipment costs. The company reported total operating expenses of $141,919, a dramatic decrease of over 70% from $434,320 in the previous year, primarily due to decreased warehousing and overall operating costs. Consequently, Bemax's total net loss decreased by over 200%, from $301,153 to $90,637, attributed to increased revenue and effective management of expenses. Additionally, in
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Sec Filings
- 9/5/24 - Form 253G2
- 7/3/24 - Form 253G2
- BMXC's page on the SEC website