Leverage Shares 2X Long (CNCG) Q2 2022 Earnings Report

Concierge Technologies reported Q2 2022 results reflecting a modest revenue base of $9.45 million with a solid gross margin of 74.4%, yielding a gross profit of $7.03 million. Despite robust gross profitability, the company posted net income of $1.02 million and EPS of $0.03, supported by an EBITDA of $1.22 million and an operating income of $1.33 million. The quarter showed a year-over-year revenue decline of 5.2% and a quarter-over-quarter decline of 2.9%, underscoring topline softness even as cost discipline and diversified product lines help preserve earnings. Net margin stands at about 10.8%. The company maintains a strong liquidity position with cash and equivalents totaling ~$13.29 million and total cash plus short-term investments of ~$16.14 million, supporting a healthy current ratio (~4.74) and a cash-rich balance sheet with limited leverage (total debt ~$3.15 million; net debt negative, driven by cash balances). Operating cash flow remained negative at -$1.45 million, with negative free cash flow of -$1.46 million, reflecting working-capital dynamics and several outlays that offset ongoing earnings. Management commentary is not available in the supplied transcript, limiting qualitative expansion on strategic trajectory beyond the disclosed mix of asset management services, fintech development, and consumer-focused manufacturing and security segments. Investors should monitor capital deployment, the progress of the fintech application, and the evolution of working capital as key near-term drivers.