Zoned Properties FY22 Revenue Grows 46% To $2.66M, Sixth Year Of Positive Cash Flow From Operations

Zoned Properties, Inc. ZDPY FY 2022 revenue was $2.66 million, an increase of 46% compared to $1.82 million in 2021.

FY 2022 Financial Highlights

• Operating expenses were $2.77 million for the year ended December 31, 2022, compared to $1.78 million for the year ended December 31, 2021, representing an increase of 56%.

• Cash provided by operating activities was $871,901 for the year ended December 31, 2022, compared to $489,257 for the year ended December 31, 2021, representing a 78% increase.

• This is the company's sixth year reporting positive cash flow from operations.

• The company reported a net loss of $574,355 for the year ended December 31, 2022, as compared to a net loss of $165,819 for the year ended December 31, 2021.

Q4 2022 Financial Highlights

• Revenue was $607,749, compared to $537,211 for the quarter ended December 31, 2021.

• Operating expenses were $671,751 for the quarter ended December 31, 2022, compared to $535,345 for the quarter ended December 31, 2021.

• The company had cash on hand of $4.34 million as of December 31, 2022, compared to cash on hand of $842,115 as of September 30, 2022.

"Following the recent acquisition of our investment property in Michigan producing a straight-line effective cap rate of 13.5%, Zoned Properties has reached a significant inflection point in our business. We are confident that we can continue to actively invest capital in a manner that is both diligent and accretive in 2023 so that we can start scaling our one-of-a-kind commercial real estate investment model," stated Bryan McLaren, CEO of Zoned Properties.

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