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MASTERMIND, INC.

mastermindmarketing.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Nov 8, 2024. Its latest SEC filing is a NT 10-K from Mar 31, 2025.

The sections below describe the company as of the FY2023 annual report.

What Did They Do?

Designed branding and marketing campaigns, digital content, and social and mobile campaigns for large corporate clients with well-known brands.

How Did They Make Money?

Clients paid project and campaign fees for marketing services under customized agreements, based on time and materials or a fixed price; fixed-price work was charged as services were performed, and fees could include retainers and ongoing charges.

FY2023 revenue

Who Were Their Customers?

Served corporate clients and brands across fields including financial services, retail, healthcare and consumer goods; engagements were covered by service agreements with the clients.

Customers above 10% of revenue, FY2023
of revenue from three customers (35%, 33%, 30%)
FY2022: 95% from three customers

Did Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2023, but spent more cash than it brought in: free cash flow was −$341.3K.

Operating income, FY2023
12% of revenue
▼ −23% vs FY2022 ($738.3K, 16%)
Net income, FY2023
8% of revenue
▼ −43% vs FY2022 ($688.7K, 15%)
Free cash flow, FY2023
−7% of revenue
▼ Now a loss vs FY2022 ($660K, 15%)

How Were They Changing?

Since the FY2023 annual report
Latest quarter: Q3 FY2024, the three months to Sep 30, 2024
Revenue
▼ −78%
vs $1.2M in Q3 FY2023
Net income
▼ Now a loss
vs $129.6K in Q3 FY2023

Grew. Revenue grew 19% in 4 years, from $4M in FY2019 to $4.7M in FY2023, about 4% a year.

Who Did They Compete With?

Competes with WPP, Omnicom Group, and Publicis Groupe

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