Royalty Management sees Q2 revenue growth over 50% vs. Q1

Royalty Management Holding announced that the Company’s estimated fiscal Q2 of 2024 revenue is tracking at over 50% revenue growth over Q1 of 2024. The Company is also pleased to announce continued strengthening of its balance sheet through the reduction of approximately $675,000 of debt during Q2 2024. Thomas Sauve, Chief Executive Officer of the Company, commented, “We are thankful for our team’s efforts to date, for not only achieving strong revenue growth, but also focusing on cost controls in the first half of 2024, resulting in the continued strengthening of the Company’s fundamentals. Our low overhead business model is to focus on high value assets and continued realization of revenue growth so that we can either reinvest this additional capital in accretive projects, continue our stock buyback program, or start paying dividends once the market value of our common shares gets closer to what we feel is fair value. Today we believe the Company is undervalued based on a combination of factors, including the current composition of Royalty Management’s portfolio of assets and operations, the strength of the Company’s financials and cash flow generation, and the prospective growth in value of the portfolio, along with new investments on the horizon and under evaluation. As such, we will continue to utilize excess free cash flow to invest into both a variety of pipeline opportunities and into our current portfolio, including through our currently established stock repurchase program that acquires common shares from the public market. Our focus for the balance of this year will be on evaluating opportunities to expand revenue growth, which ultimately will fall to the bottom line given our unique business model and corporate cost structure.”