SBC Medical Group Holdings Inc. Reports Third Quarter 2024 Financial Results
SBC Medical Group Holdings Incorporated (SBC)
Company Research
Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)--SBC Medical Group Holdings Incorporated (“SBC Medical”, or the “Company”), a global owner, operator and provider of management services and products to cosmetic treatment centers, today announced its unaudited financial results for the third quarter ended September 30, 2024.Third Quarter 2024 HighlightsTotal revenues for the three months ended September 30, 2024 were $53 million, representing an increase of 12% from $47 million in the same quarter of 2023.Total revenues for the nine months ended September 30, 2024 was $160 million, representing an increase of 23% from $131 million in the same period of 2023.Income from operations for the three months ended September 30, 2024 was $13 million, representing a decrease by 31% from the same quarter in 2023.This result was impacted by $12.8 million of stock-based compensation expense related to the Company’s listing process.Income from operations for the nine months ended September 30, 2024 was $65.5 mil
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