ALT5 Sigma Reports Fiscal Financial Results for Second Quarter 2024

LAS VEGAS, NV / ACCESSWIRE / August 19, 2024 / ALT5 Sigma Corporation (NASDAQ:ALTS), a fintech firm leveraging blockchain-powered technologies, released its financial results for the second fiscal quarter, ending June 29, 2024. The results cover the period from May 15 to June 29, following the company's acquisition closure.

The company reported fintech revenues of $2.17 million and a gross profit of $1.1 million, equating to a 51% profit margin. Net income from continuing operations stood at $589 thousand, a significant increase from $79 thousand in the same period last year, yielding a net income per share of $0.07, up from $0.02. ALT5 Sigma also reported cash and cash equivalents of $5.75 million and stockholders' equity of $22.9 million.

"We are very pleased with the performance of ALT5 Sigma, especially considering that our Q2 results reflect only about 45 days of combined operations since the transaction was completed mid-quarter," stated Tony Issac, CEO of ALT5 Sigma.

The company continues to explore options to optimize its biotechnology and fintech operations, considering multiple strategies to enhance stockholder value.