Day: May 18, 2022

Key HighlightsRevenue increased 18.6% over the prior year quarter to $129.1 million, representing a combined two-year growth of 28% Revenue generated from clients won since FY16 grew 60%, and now represents 70% of total revenues Net income increased to $6.6 million, compared to $(0.2) million in the prior year quarter Net income margin increased to 5.1%, compared to (0.2)% in the prior year quarter Fully diluted earnings per share increased to $0.35, compared to $(0.01) in the prior year quarter Non-GAAP adjusted EBITDA increased to $18.8 million, compared to $16.7 million in the prior year quarter Non-GAAP adjusted EBITDA margin was down slightly to 14.6% compared to 15.3% in the prior year quarter, primarily due to additional growth-related expenses incurred in the current quarter Reaffirming guidance for fiscal year 2022WASHINGTON,...

Revenues and Adjusted EBITDA Increased 79% and 97%, respectively Over Prior Period For the Quarter Ended March 31, 2022 CHARLOTTE, N.C., May 18, 2022 (GLOBE NEWSWIRE) — Manufactured Housing Properties Inc. (OTC: MHPC), which acquires, owns, and operates 46 manufactured housing communities containing approximately 2,195 developed sites, today announced operating results for the quarter ended March 31, 2022. Total revenues and Adjusted EBITDA for the quarter ended March 31, 2022 were $3,055,022 and $1,071,707, respectively, compared to $1,705,863 and $545,155, respectively for the quarter ended March 31, 2021. Net loss for the quarter ended March 31, 2022 was $789,690 compared to $359,191 for the quarter ended March 31, 2021. Jay Wardlaw, President of Manufactured Housing Properties Inc. stated, “We are pleased to produce another...