The Marketing Alliance Announces Financial Results for Quarter Ended December 31, 2023 [Yahoo! Finance]
MARKETING ALLIANCE INC (MAAL)
NASDAQ:AMEX Investor Relations:
themarketingalliance.com/shareholder-information/investor-contact-inquiry
Company Research
Source: Yahoo! Finance
Third Quarter Fiscal 2024 Financial Key Items (all comparisons to the prior year period) Operating income from continuing operations of $615,317 compared to $849,467, as operating income was adversely affected by less general activity in the Construction business and a $143,629 charge-off due to a reconciliation at the end of a job lasting multiple years. Revenues were $4,738,004 compared to $4,757,329, where an increase in Insurance distribution revenue was offset by a comparable decline in Construction revenues. Net income was $766,105, or $0.09 per share compared to $1,000,743, or $0.12 per share. Management Comments Timothy M. Klusas, TMA's Chief Executive Officer, commented, "Our third quarter fiscal year 2024 results were largely the result of three factors which drove our performance. First, our Insurance distribution business had a quarter marked by increased revenues and top-line growth. Our Insurance distribution business also benefited again this quarter from mor
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