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FRMO Corp. Reports Strong Q3 Performance
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FRMO Corp. released its fiscal 2024 third quarter results, posting a net income of $12,988,910 after a prior-year loss. The company's total book value stands at $357.8 million, with current assets of $241.8 million. Additionally, FRMO maintains equity stakes in Horizon Kinetics Hard Assets LLC and Horizon Kinetics LLC, showcasing diversified interests.
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How did FRMO Corp. manage to reverse its financial performance from a loss to a profit within a year?
How might the upcoming conference call impact investor sentiment and future market expectations for FRMO Corp.?
What strategic implications could the equity interests in Horizon Kinetics bring to FRMO Corp.'s portfolio diversification?
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