Kelyniam Global Releases Q1 Financials
KELYNIAM GLOBAL INC (KLYG)
Company Research
Source: PR Newswire
Announces Shareholder MeetingCANTON, Conn., May 13, 2024 /PRNewswire/ -- Kelyniam Global (OTC: KLYG), a maker of custom cranial implants, today announced results for its quarter ended March 31, 2024. Financial highlights for the three months ended March 31, 2024 and the same period in 2023 include: Total revenue of $957,447 compared to $596,455, an increase of 60.5%Gross Margin of $743,719 compared to $467,773 an increase of 59.0%Operating profit of $123,599 compared to a loss of $67,978 representing an increase to profitability of $191,577Profitability was strongly enhanced by a year's long effort in reconfiguring the Company's structural costs and a tight focus on this year's operations. The Company saw those efforts pay off with decreased consulting fees and information technology costs which positively affected the bottom line. The complete financials can be found at www.kelyniam.com.Chief Operating and Revenue Officer, Desiree Webb, said, "Sales momentum from Q4 continued into
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