Despite Strong Income And Revenue Growth LFTD Stock Plunges Following Earnings Release

LFTD Partners Inc. LIFD Q2 2022 revenue increased 151% to $16.8 million, up from $6.7 million in Q2 2021.

Q2 2022 Compared to Q2 2021:

Operating margin increased 3.14% to 26.40%, up from 23.25%
Net income increased 102% to $3.2 million up from $1.6 million- the eighth consecutive quarter of positive GAAP net income
Basic earnings per share ("EPS") increased 64% to $0.23 per share, up from $0.14
Diluted EPS up 82% to $0.20 per share, up from $0.11
Basic and diluted weighted average shares outstanding for the three months ended June 30, 2022 were 14.1 million and 15.9 million respectively

Balance Sheet Highlights - June 30, 2022 Compared to December 31, 2021:

Cash on hand increased 134% to $3.8 million up from $1.6 million
Inventory increased 164% to $10 million, up from $3.8 million
Current assets increased 50% to $19.7 million, up from $13.2 million
Current ratio increased to 2.09, from 1.10
Working capital increased 725% to $10.3 million, up from $1.2 million.

Nicholas S. Warrender, vice chairman and COO of LFTD Partners, and founder and CEO of Lifted Made, stated, "Q2 2022 was a record quarter for us in terms of net income, earnings per share, and free cash flow."

Price Action

LFTD Partners shares were trading 18.46% lower at $6.36 per share at the time of writing Friday morning.

Photo by Diyahna Lewis on Unsplash

LFTD Partners Lowers Its Secured Debt, Here Are The Details

LFTD Partners Inc. Prepays One Third Of Total Secured Debt With Free Cash Flow From Subsidiary Company Lifted Made

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