The corporate parent of Lifted Made, LFTD Partners Inc. (OTCQB: LIFD) reported its Q1 2023 financial results, revealing a 31% revenue decrease and net loss driven by one-time stock compensation expense.
Income Statement Highlights: Q1 2023 Compared To Q1 2022
- Revenue decreased 31% to $12,461,793, down from $18,088,877
- One-time, non-cash employee stock compensation expense of $2,138,175, up from $0 Net loss of $141,742, down from net income of $2,944,793
- Basic net loss per common share of $0.01 per share, down from $0.21 basic net income per common share
- Diluted net loss per common share of $0.01 per share, down from $0.18 diluted net income …