Endexx Corporation Announces Q2 2024 Financial Results and Strategic Updates
ENDEXX CORP (EDXC)
NASDAQ:AMEX Investor Relations:
endexx.com
Company Research
Source: GlobeNewswire
CAVE CREEK, AZ , Aug. 06, 2024 (GLOBE NEWSWIRE) -- Endexx Corporation (OTCQB: EDXC), a leading provider of innovative plant-based wellness and nutritional products, today announced its financial results for the second quarter of 2024 and provided an update on strategic developments. Q2 2024 Financial Overview Revenue: $2,181,012 (a 33.42% decrease from Q1 2024)Gross Profit: $1,246,677 (a 34.16% decrease from Q1 2024)Net Loss: $905,615 (an improvement of 55.27% compared to Q1 2024) From the Desk of Brad Listermann, Interim CEO Dear Shareholders, As your Interim CEO, I am committed to transparency and proactive communication as we navigate this transitional phase. Our Q2 2024 filing reflects the challenges and opportunities we are currently facing. Below is a detailed overview of our Q2 performance, key developments, and strategic direction. Bright Spots in Q2 Improved Cash Management: Net Cash Used in Operating Activities: Improved by 53.44%, reflecting better c
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