The company's core business has effectively stalled, resulting in a -38.1% operating margin and a 63.4% year-over-year revenue decline as of 2024Q4.
| Revenue | 48.38K | 144.86K | 450.63K | 4.47M | 5.87M | 5.68M | 2.41M | 5.53M | 5.3M |
| Revenue Growth % | -66.61% | -67.85% | -89.91% | -23.9% | 3.32% | 135.84% | -56.47% | 4.34% | - |
| Property Operating Expenses | 0 | 0 | 0 | 0 | 0 | 3.71M | 2.21M | 3.07M | 3.58M |
| Net Operating Income (NOI) | 48.38K | 144.86K | 450.63K | 4.47M | 5.87M | 1.97M | 193.47K | 2.46M | 1.72M |
| NOI Margin % | 100% | 100% | 100% | 100% | 100% | 34.67% | 8.03% | 44.55% | 32.46% |
| Operating Expenses | 2.84M | 1.47M | 2.4M | 6.74M | 5.63M | 1.61M | 757.85K | 874.72K | 847.93K |
| G&A Expenses | 2.63M | 1.55M | 2.2M | 6.65M | 5.6M | 5.35M | 3.11M | 3.74M | 4.42M |
| EBITDA | -2.71M | -1.25M | -1.91M | -2.24M | 262.85K | 373.74K | -551.8K | 1.6M | 878.9K |
| EBITDA Margin % | -5611.19% | -861.44% | -424.58% | -50.26% | 4.48% | 6.58% | -22.91% | 28.87% | 16.58% |
| Depreciation & Amortization | 75.5K | 76.25K | 36.24K | 24.91K | 22K | 15.18K | 12.57K | 7.23K | 5.59K |
| D&A / Revenue % | 156.07% | 52.63% | 8.04% | 0.56% | 0.37% | 0.27% | 0.52% | 0.13% | 0.11% |
| Operating Income | -2.79M | -1.32M | -1.95M | -2.27M | 240.86K | 358.56K | -564.38K | 1.59M | 873.31K |
| Operating Margin % | -5767.27% | -914.08% | -432.62% | -50.81% | 4.1% | 6.31% | -23.43% | 28.73% | 16.47% |
| Interest Expense | 0 | 0 | 31.61K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Coverage | - | - | -61.66x | - | - | - | - | - | - |
| Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -436.46K |
| Pretax Income | -3.19M | -1.15M | -2.15M | -2.24M | 286.79K | 400.74K | -537.81K | 1.56M | 1.33M |
| Pretax Margin % | -6592.67% | -793.58% | -477.34% | -50.22% | 4.89% | 7.06% | -22.33% | 28.26% | 25.06% |
| Income Tax | 0 | 10.84K | 3.02K | 9.96K | 32.9K | 101.37K | 0 | 396.55K | 332.23K |
| Effective Tax Rate % | 0% | -0.94% | -0.14% | -0.44% | 11.47% | 25.3% | 0% | 25.36% | 25% |
| Net Income | -3.19M | -1.16M | -2.15M | -2.25M | 258.04K | 453.11K | -515.97K | 1.17M | 996.55K |
| Net Margin % | -6592.67% | -801.06% | -478.01% | -50.28% | 4.4% | 7.98% | -21.42% | 21.09% | 18.8% |
| Net Income Growth % | -174.83% | 46.13% | 4.08% | -970.3% | -43.05% | 187.82% | -144.21% | 17.1% | - |
| Funds From Operations (FFO) | -3.11M | -1.08M | -2.12M | -2.22M | 280.04K | 468.29K | -503.4K | 1.17M | 1M |
| FFO Margin % | -6436.6% | -748.43% | -469.97% | -49.72% | 4.77% | 8.24% | -20.9% | 21.23% | 18.9% |
| FFO Growth % | -187.19% | 48.81% | 4.64% | -893.05% | -40.2% | 193.03% | -142.87% | 17.17% | - |
| FFO per Share | -0.21 | -0.09 | -0.18 | -0.19 | 0.02 | 0.04 | -0.04 | 0.10 | 0.08 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | -0.22 | -0.10 | -0.18 | -0.19 | 0.02 | 0.04 | -0.04 | 0.10 | 0.08 |
| EPS Growth % | -117.1% | 44.44% | 5.26% | -1050% | -50% | 192.81% | -144.25% | 17.07% | - |
| EPS (Basic) | -0.22 | -0.10 | -0.18 | -0.19 | 0.02 | 0.04 | -0.04 | 0.10 | 0.08 |
| Diluted Shares Outstanding | 14.69M | 11.68M | 11.68M | 11.68M | 11.65M | 11.64M | 11.98M | 11.98M | 11.98M |
Total revenue base collapse
As reported in recent financial filings, MDJM Ltd has experienced a severe revenue contraction, with the most recent quarterly figures showing a 63.4% year-over-year decline to just $38.4K, signaling that the company's core real estate agency business in China has effectively ceased to function at scale.
The consistent downward trajectory in revenue suggests that the company's previous business model is no longer viable in the current Chinese real estate environment. Investors should monitor whether the shift toward UK-based hospitality can generate any meaningful top-line contribution, as current figures indicate a near-total absence of commercial momentum.
Based on the company's reported income statements, MDJM Ltd maintains a highly inefficient cost structure where SG&A expenses of $1.5M dwarf the $38.4K in quarterly revenue, resulting in an operating margin of -38.1% that highlights a complete lack of operational leverage in the current model.
The inability to scale down administrative overhead in proportion to the revenue collapse suggests that the company is burdened by fixed costs that are unsustainable. This disconnect implies that the current operating structure is likely to continue eroding the remaining cash balance unless a radical restructuring occurs.
According to historical income statements, the company frequently reports a 100% gross margin, which suggests that all service-related labor and operational costs are classified as SG&A, potentially masking the true economic cost of delivering its agency and consulting services to clients.
This non-standard accounting treatment makes it difficult to assess the underlying profitability of the company's service offerings. Analysts should be wary of these figures, as they likely overstate the efficiency of the core business and complicate comparisons with industry peers who report standard cost of goods sold.
As indicated by the persistent net losses and the 66.61% year-over-year revenue drop, the market may be mispricing MDJM Ltd as a functioning real estate services firm rather than a distressed entity that is rapidly consuming its remaining cash reserves to maintain a corporate presence.
The primary risk for investors is that the company's cash balance serves as a false floor for the valuation, while the underlying business continues to deteriorate. The lack of a clear path to revenue recovery suggests that the current corporate structure may be more focused on survival than on generating shareholder value.
Quick answers to the most common questions about buying UOKA stock.
For fiscal year 2024, MDJM Ltd (UOKA) reported total revenue of $0.0M. This represents a 99.1% decline compared to $5.3M in 2016.
MDJM Ltd (UOKA) reported a net loss of $3.2M for the fiscal year ending 2024.
MDJM Ltd (UOKA) reported an operating income of $-2.8M, resulting in an operating profit margin of -5767.3%. This margin reflects the operational efficiency of the business before interest and taxes.
MDJM Ltd (UOKA) generated $0.0M in gross profit for the year, representing a gross profit margin of 100.0%. This demonstrates the company's core pricing power and production efficiency.