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Complete financial analysis of RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of RiverNorth Opportunistic Municipal Income Fund, Inc., a leading company in the Financial – Conglomerates industry within the Financial Services sector.
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RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI)
Industry: Financial - Conglomerates
Sector: Financial Services
About RiverNorth Opportunistic Municipal Income Fund, Inc.
RiverNorth Opportunistic Municipal Income Fund, Inc. operates as Closed-End Investment Fund/Investment Trust. It specializes in opportunistic investment strategies in niche markets. The firm operates as investment manager to registered funds, private funds and separately managed accounts. The company is headquartered in West Palm Beach, FL.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 5.81M | 4.50M | -26.28M | 22.24M | 5.02M | 21.93M |
| Cost of Revenue | 2.33M | 2.44M | 2.67M | 2.71M | 2.80M | 0.00 |
| Gross Profit | 3.48M | 2.06M | -28.95M | 19.53M | 2.22M | 21.93M |
| Gross Profit Ratio | 59.90% | 45.80% | 110.14% | 87.81% | 44.20% | 100.00% |
| Research & Development | 0.00 | 1.12 | -3.76 | 1.18 | 0.40 | 0.00 |
| General & Administrative | 658.47K | 537.27K | 499.33K | 511.74K | 500.12K | 307.43K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 658.47K | 537.27K | 499.33K | 511.74K | 500.12K | 307.43K |
| Other Expenses | 160.22K | 5.23M | 177.39K | 183.72K | 191.03K | 121.76K |
| Operating Expenses | 818.69K | 703.38K | 676.73K | 695.46K | 691.14K | 429.19K |
| Cost & Expenses | 3.15M | 703.38K | 676.73K | 695.46K | 691.14K | 429.19K |
| Interest Income | 3.79M | 5.19M | 4.24M | 3.85M | 3.85M | 2.39M |
| Interest Expense | 2.82M | 2.38M | 553.53K | 459.38K | 1.44M | 1.09M |
| Depreciation & Amortization | 8.07M | 228.49K | 236.56K | 206.30K | 171.86K | 161.14K |
| EBITDA | 10.74M | 6.18M | -26.41M | 21.54M | 5.78M | 44.25M |
| EBITDA Ratio | 184.74% | 84.38% | 100.47% | 96.87% | 114.99% | 103.03% |
| Operating Income | 2.66M | 3.80M | -26.41M | 21.54M | 5.78M | 22.59M |
| Operating Income Ratio | 45.82% | 84.38% | 100.47% | 96.87% | 114.99% | 103.03% |
| Total Other Income/Expenses | 5.26M | 2.44M | -553.53K | 0.00 | -1.44M | 0.00 |
| Income Before Tax | 7.92M | 3.80M | -26.96M | 21.54M | 4.33M | 21.50M |
| Income Before Tax Ratio | 136.28% | 84.38% | 102.57% | 96.87% | 86.24% | 98.04% |
| Income Tax Expense | 0.00 | 6.18M | -26.41M | 22.00M | 5.78M | -161.14K |
| Net Income | 7.92M | 3.80M | -26.96M | 21.54M | 4.33M | 21.50M |
| Net Income Ratio | 136.28% | 84.38% | 102.57% | 96.87% | 86.24% | 98.04% |
| EPS | 1.24 | 0.60 | -4.23 | 3.38 | 0.68 | 3.37 |
| EPS Diluted | 1.24 | 0.60 | -4.23 | 3.38 | 0.68 | 3.37 |
| Weighted Avg Shares Out | 6.37M | 6.37M | 6.37M | 6.37M | 6.37M | 6.38M |
| Weighted Avg Shares Out (Dil) | 6.37M | 6.37M | 6.37M | 6.37M | 6.37M | 6.38M |
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for October, November and December 2024, as detailed below. Ex Date Record Date Payable Date October 15, 2024 October...
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for April, May and June 2024, as detailed below. Ex Date Record Date Payable Date April 12, 2024 April...
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the distribution rates have been reset for the calendar year 2024, as detailed below. Further, the Funds have declared distributions for January, February, and...
Campbell stresses need for U.S. to approve deals with Pacific islands
WASHINGTON (Reuters) — It is essential the United States moves ahead in approving new agreements with three Pacific island states, the U.S. Indo-Pacific coordinator Kurt Campbell said on Thursday, stressing that China is waiting to take advantage if the United...
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--The RiverNorth closed-end funds (the “Funds”) have declared monthly distributions for October, November and December 2023 in accordance with each Fund's level distribution policy. Details below.
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--The RiverNorth closed-end funds (the “Funds”) have declared monthly distributions for July, August and September 2023 in accordance with each Fund's level distribution policy. Details below. Ex Date Record Date Payable Date July 13, 2023 July...
Responsible Mica Initiative Publishes Landmark Reports Defining Fair Mica Worker Incomes and Wages in India and Concluding Negligible Impact on Costs to Consumers
Reports provide path forward to lift mica villages in Bihar and Jharkhand out of poverty and eliminate child labor PARIS–(BUSINESS WIRE)–The Responsible Mica Initiative (RMI) is excited to announce the publication of two landmark reports that demonstrate that whilst the...
RiverNorth Closed-End Funds Declare Monthly Distributions and RiverNorth Flexible Municipal Income Fund, Inc. Declares Capital Gain Distribution
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--The RiverNorth closed-end funds (the “Funds”) have declared monthly distributions for April, May and June 2023 in accordance with each Fund’s level distribution policy. In addition, the RiverNorth Flexible Municipal Income Fund, Inc. has declared a...
Dear MULN Stock Fans, Mark Your Calendars for March 31
The quarter is almost over. That means that Mullen Automotive (NASDAQ: MULN ) should soon deliver its Class 1 electric vehicle (EV) cargo vans.
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds' (the “Funds”) level distribution policies, the distribution rates have been reset for the calendar year 2023, as detailed below. Further, the Funds have declared distributions for January, February and...
Source: https://incomestatements.info
Category: Stock Reports