Mentor Capital Inc (OTCMKTS:MNTR) Stock Falls After Earnings Update

One of the companies that may come into sharp focus among investors today is Mentor Capital Inc (OTCMKTS:MNTR) after the company made an announcement with regards to its annual rise in revenues.

Trading Data

On Wednesday, MNTR stock fell 14.20% to $0.0302 with more than 17.05K shares, compared to volume of 11.60K shares. The stock moved within a range of $0.0301 – 0.0390 after opening trade at $0.0305.

Mentor Capital Posts 28% Annual Revenue Increase

The company announced that in the trailing 12 months it had generated revenues of $7,705,715, which reflected annualized growth of as much as 28%. That worked out to $0.34 per share as opposed to its share price of $0.05 a share, as per the form 10 K that had been filed by Mentor Capital with the Securities and Exchange Commission for the fourth fiscal quarter that had ended on December 31, 2022.

The company reported that in the 12 month period ended on December 31, 2022 Mentor and its subsidiary units had managed to generate gross profits to the tune of $2,226,322. However, the company ended up with a net loss of $471,386, which worked out to 2.1 cents a share. The gross profits went up by as much as 18.95% on a year on year basis. As of December 31, 2022, the company had  a total of 11 Series Q convertible preferred shares and 22,941,357 common shares outstanding. It may be a good time to start tracking the stock.