Cardiff Lexington Announces 2nd Quarter 2023 Financial Results

FT. LAUDERDALE, FL / ACCESSWIRE / October 26, 2023 / Cardiff Lexington Corporation (OTC Pink:CDIX) announced today financial results for its 2^nd quarter ended June 30, 2023.

Total Assets End of Period
As of December 31, 2022

$ 13,353,357

As of June 30, 2023

$ 16,053,519

20% Net Increase in Total Assets

$ 2,700,162

Revenue

For the Three Months Ended June 30, 2022

$ 3,091,232

For the Three Months Ended June 30, 2023

$ 3,482,810

12.6% Net Increase in Revenue

$ 391,578

Revenue

For the Six Months Ended June 30, 2022

$ 5,988,382

For the Six Months Ended June 30, 2023

$ 6,343,608

5.9% Net Increase in Revenue

$ 355,226

Gross Profit

For the Three Months Ended June 30, 2022

$ 1,994,614

For the Three Months Ended June 30, 2023

$ 2,379,824

19.3% Net Increase in Gross Profit

$ 385,210

Gross Profit

For the Six Months Ended June 30, 2022

$ 3,775,536

For the Six Months Ended June 30, 2023

$ 4,257,499

12.7% Net Increase in Gross Profit

$ 481,963

Net Income (Loss)

For the Three Months Ended June 30, 2022

$ (61,826 )

For the Three Months Ended June 30, 2023

$ 816,078

1,220.0% Net Increase in Net Income

$ 877,904

Net Income (Loss)

For the Six Months Ended June 30, 2022

$ (1,624,280 )

For the Six Months Ended June 30, 2023

$ 800,087

149.3% Net Increase in Net Income

$ 2,424,367

The Company reported increased total assets of $2.7 million, or 20%. For the three months ended June 30, 2023, the Company reported increased revenue of $391K, or 12.6%, increased gross profit of $385K, or 19.3%, and increased net income of $877K, or 1,220.0%, over the three months ended June 30, 2022. For the six months ended June 30, 2023, the Company reported increased revenue of $355K, or 5.9%, increased gross profit of $482K, or 12.7%, and increased net income of $2.4M, or 149.3%, over the six months ended June 30, 2022.