LFTD Partners Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

JACKSONVILLE, FL / ACCESSWIRE / April 1, 2024 / LFTD Partners Inc., the parent company of Lifted Made, announced its Q4 and full-year financial outcomes for 2023. Results, in compliance with U.S. GAAP, reveal a 19% increase in Q4 revenue year-over-year, reaching $13,519,947. However, the operating margin turned to a loss, and net income significantly declined. The full year showed a 10% decrease in revenue, with net income dropping by 70%.

The balance sheet reflected a 23% increase in cash and a 69% inventory rise. Current assets and working capital saw substantial growth as well. For future insights and updates, including challenges and strategic plans, a webcast and conference call have been scheduled.