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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 (OTC: MAAL) reported its fiscal 2024 fourth-quarter financial results, highlighting a 9% increase in revenue to $19.59 million, driven by growth in the insurance distribution business.
However, construction revenue decreased, affecting overall financial performance. Operating income from continuing operations fell to $1.10 million from $1.54 million. Net income rose to $1.04 million or $0.13 per share, up from $0.82 million or $0.10 per share the previous year.
The company faced challenges including an adverse carrier mix and staffing cost overruns, but continued cost reduction measures. Investment gains improved to $493,334 from a loss of $304,488, and TMA repaid its line of credit to zero post-quarter end. Cash and cash equivalents were $2.9 million, with working capital of $7.6 million and shareholders’ equity of $6.7 million.
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.
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