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Marketing Alliance (MAAL) delivers strategic marketing solutions through digital campaigns, brand development, and data-driven advertising services. This news hub provides investors and industry professionals with essential updates about the company's financial decisions, operational developments, and market positioning.
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The Marketing Alliance, Inc. (OTC: MAAL) reported its fiscal 2023 third quarter results, ending December 31, 2022. Revenues decreased to $4,757,329 from $5,694,086 due to shifts in the insurance distribution sector, despite a notable increase in construction revenue to $1,091,018. Operating income from continuing operations fell to $849,467 from $1,121,784, largely impacted by the absence of a prior year employee retention tax credit of $657,099. Net income was $999,527 or $0.12 per share. The company declared a $.05 dividend while highlighting the resilience of its bottom line amidst challenging economic conditions.
The Marketing Alliance, Inc. (OTC: MAAL) has declared a cash dividend of $0.05 per share for shareholders of record on March 24, 2023, with payment scheduled for April 21, 2023. This decision reflects the company’s intention to reward its shareholders, indicating stability in its financial operations. The Marketing Alliance, which specializes in support services for independent insurance brokerage agencies, aims to enhance value through integrated insurance and technology platforms.
The Marketing Alliance, Inc. (OTC: MAAL) reported its fiscal 2023 second-quarter results ending September 30, 2022. Revenue decreased to $4.84 million, down from $5.75 million year-over-year, due to changes in insurance carrier mix. Operating income increased to $452,731 from $393,147, driven by a strong construction segment which saw revenues rise to $724,084. Net income fell to $199,015 or $0.02 per share, reduced from $459,245 or $0.06 per share in the prior year. The company also declared a $0.05 dividend amid economic challenges.
The Marketing Alliance, Inc. (OTC: MAAL) announced a cash dividend of
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