LMP Automotive Holdings, Inc. Pre-Announces Strong Second Quarter Results Amid COVID-19 Crisis - Significant Increase in Revenue and Operating Profit
LMP Automotive Holdings, Inc. (LMPX)
Company Research
Source: GlobeNewswire
Preliminary Expected Results of Operations Quarter-to-Quarter Revenue Increased 29% to $6.9MGross Profits Increased 33% to $1.1MNet Income Increased by $1.9M to $.02 Per Share PLANTATION, Fla., July 15, 2020 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) (the "Company"), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for or finance pre-owned and new automobiles, today announced certain preliminary results of operations for the three months ended June 30, 2020. Preliminary Expected Results of OperationsFor the three months ended June 30, 2020, the Company expects to report the following operating results: Revenue is expected to be aproximately $6,895,000, an increase of $1,545,325 as compared to Q1 2020;Gross profit is expected to be $1,156,314, an improvement of $288,182 as compared to Q1 2020;Net income is expected to be $161,314 ($.02 per share), an improvement of $1,895,175 as compared to Q1 2020; 20
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- LMP Automotive Holdings, Inc. today announced it will issue a shareholder liquidation distribution of $0.20 per share on February 7, 2024, to all shareholders as of record of January 31, 2024, and Provided a Corporate Update [Yahoo! Finance]Yahoo! Finance
- LMP Automotive Holdings, Inc. today announced it will issue a shareholder liquidation distribution of $0.20 per share on February 7, 2024, to all shareholders as of record of January 31, 2024, and Provided a Corporate UpdateGlobeNewswire