Mastermind Operating Income Up 282% for Q2 Ending 3/31/23

ATLANTA–(BUSINESS WIRE)–$MMND #Influencer–Today, Mastermind, Inc. (OTC QB:MMND) – a leading vertically-integrated digital marketing firm specializing in designing, creating, and activating marketing campaigns for global brands – released its financial results for the second quarter ending March 31, 2023.

The 3-month and 6-month period ending March 31, 2023 showcased impressive growth for Mastermind:

  • Operating Income rose 282% and 71.1% for the 3-month and 6-month periods ended 3/31/23
  • Gross Profit rose 5.2% and 10.2% respectively for the 3-month and 6-month periods ended 3/31/23.
  • Revenues rose 5.4% and 12.6% respectively for the 3-month and 6-month periods ended 3/31/23.

“Our focus on increasing organic revenue and profitability has produced positive growth. With the addition of the operating income from our planned acquisition, which is set to close in Q3 or Q4 this fiscal year, we believe $3 million in operating income for FYE 2024 is reachable. We’re actively exploring additional acquisition targets, and we’re hopeful that we’ll close at least one more by the end of FYE 2024, which will further increase our upward trajectory,” said Mike Gelfond, President of Mastermind.

For a comprehensive breakdown of Mastermind’s financial performance, please refer to the company’s Quarterly Report on Form 10-Q for the period ending March 31, 2023. This report was filed with the Securities Exchange Commission on May 15, 2023, and contains detailed financial information.

About Mastermind, Inc.

Mastermind, Inc. provides thinking that drives results for leading marketers. It has 40 years of experience in dozens of industries helping drive results for leading brands. Mastermind has a total, data-driven approach that drives brand consideration, trial, loyalty, and advocacy. The company has extensive marketing expertise in Content, Digital, Mobile, Influencer, Social, Promotion, Channel Optimization, and Digital Issues Management. This allows Mastermind to create and execute multi-dimensional campaigns that drive results. For more information about Mastermind, Inc., please visit:

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