Mentor Capital Inc (OTCMKTS:MNTR) Stock Surges As Annual Revenue Jumps 28%
One of the companies that may come into sharp focus among investors today is Mentor Capital Inc (OTCMKTS:MNTR) after the company made an announcement with regards to its annual rise in revenues. The company announced that in the trailing 12 months it had generated revenues of $7,705,715, which reflected annualized growth of as much as 28%.
Mentor Capital Posts 28% Annual Revenue Increase
That worked out to $0.34 per share as opposed to its share price of $0.05 a share, as per the form 10 K that had been filed by Mentor Capital with the Securities and Exchange Commission for the fourth fiscal quarter that had ended on December 31, 2022.
The company reported that in the 12-month period that ended on December 31, 2022 Mentor and its subsidiary units had managed to generate gross profits to the tune of $2,226,322. However, the company ended up with a net loss of $471,386, which worked out to 2.1 cents a share. The gross profits went up by as much as 18.95% on a year-on-year basis. As of December 31, 2022, the company had a total of 11 Series Q convertible preferred shares and 22,941,357 common shares outstanding. It may be a good time to start tracking the stock.