Eightco Announces $100 million Revenue Forecast – Releases 2025 Strategic Plan
Eightco Holdings Inc. (OCTO)
Company Research
Source: GlobeNewswire
Improved Financial Condition Allows Focus on Revenue Growth & Profitability Easton, PA, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) is pleased to provide an update to its shareholders regarding its achievements year to date and 2025 initiatives. 2024 Achievements The Company has made significant progress in 2024 by improving its balance sheet, most notably through the elimination of $5.4 million in convertible notes and increasing shareholder equity by $23 million. An aggregate of 5,846,627 dilutive shares related to warrants and convertible securities were cancelled in connection therewith, as well as several one-time accounting events. Operationally, during the 6 months ended June 30, 2024: Gross profit margin was increased to 22%, versus 12% in the prior year period; andSG&A was reduced to $6.9 million, down 23% from $9.0 million in the prior year period These improvements helped the Company re
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OCTO
Sec Filings
- 11/14/24 - Form 10-Q
- 11/8/24 - Form SC
- 10/4/24 - Form 8-K
- OCTO's page on the SEC website