Welcome back to Adsil’s Investor News, the password protected website section created specifically for shareholders to stay up to date with company progress and milestones.
A number of Shareholders have requested financial information regarding Adsil’s 2022 performance. This post includes an abbreviated recap of our 2022 financials vs. 2021.
As you can see, 2022 was a good year for Adsil with both sales and profits increasing significantly.
We plan to conduct our Annual Shareholder Meeting within the next two months. A detailed performance commentary will be provided at that time.
The Annual Shareholder Meeting details will be announced within the next few weeks.
Profit & Loss Statement (Condensed)
Sales: $ 852,545 $1,367,138
Cost of Goods Sold: $ 269,727 $ 485,439
Gross Profit: $ 582,818 $ 881,699
Expenses: $ 692,272 $ 655,287
Net Operating Income/(Loss): ($ 109,454) $ 226,412
Other Income/(Loss): $ 154,272 $ 98,988
Net Income/(Loss): $ 44,817 $ 325,400