Alpine 4 Technologies (ALPP) Reports Record Revenue and Growth of 37% for Q2 2018 over Q1 2018
August 23 2018 - 8:00AM
InvestorsHub NewsWire
Alpine 4 Technologies (ALPP)
Reports Record Revenue and Growth of 37% for Q2 2018 over Q1
2018
Phoenix,
AZ. -- August 23, 2018 -- Investors NewsWire
--
Alpine 4
Technologies Ltd. (OTCQB:
ALPP) today announced financial results for its 2nd Quarter,
ending June 30, 2018. The company posted
quarterly revenue of $5.08 million, which is growth of 37% over Q1
2018 revenue of $3.69 million.
Kent
B. Wilson, CEO of Alpine 4, had this to say: "This quarter's
results speak volumes to the vision of the Alpine 4 DSF business
model which resulted in another stellar milestone for the
company. We grew both organically
and from our most recent addition American Precision Fabricators,
Inc. which we acquired on April 5th, 2018. Further, it has been
a long
held belief of mine that our
greatest competitive advantage resides in our highly diversified
but synergistic business structure. Our ability to
cross-leverage; resources, capital, production and product
offerings across subsidiaries, gives Alpine 4 and its holdings a
truly unique ability to compete in every market segment we operate
in, which was abundantly evident in our Q2 2018
earnings."
Earnings by
Subsidiary Breakdown:
Quality Circuit
Assembly (QCA): QCA's electronics contract manufacturing sales
accounted for 49% of Alpine 4's quarterly revenue with $2.49
million. This revenue was
accompanied by an 82% net profit growth over Q1
2018. QCA's strong growth was
tied to higher gross profit in Q2 vs. Q1 2018. This gross profit growth
was attributed to strong demand for some of our most profitable
products and services from our fortune 500 clientele.
American Precision
Fabricators (APF): APF's sales accounted for
19% of Alpine 4's quarterly revenue with $961k.
Venture West Energy
Services (VWES): VWES's sales accounted for
29% of Alpine 4's quarterly revenue with $1.49 million.
ALITA: ALTIA
sales accounted for 3% of Alpine 4's quarterly
revenue.
Alpine 4 is
providing the following revenue guidance for its Q3
2018:
Anticipated
revenue between $4.3 million and $4.6 million: Alpine 4 is expecting Q3
growth for Quality Circuit Assembly and American Precision
Fabricators. Alpine 4 expects to see
revenue slightly decrease for Venture West
Energy Services in Q3 due to a pause in our customer's production
schedules during the months of July and early August.
About Alpine 4
Technologies:
Alpine 4
Technologies, Ltd (ALPP)
is a publicly traded conglomerate that is acquiring businesses that
fit into its disruptive DSF business model of Drivers, Stabilizers,
and Facilitators. At Alpine 4 we understand the nature of how
technology and innovation can accentuate a business. Our focus is
on how the adaptation of new technologies even in brick and mortar
businesses can drive innovation. We also believe that our
holdings should benefit synergistically from each other and that
the ability to have collaboration across varying industries can
spawn new ideas and create fertile ground for competitive
advantages. This unique perspective has culminated in the
development of our Blockchain enabled Enterprise Business Operating
System called SPECTRUMebos.
View Alpine
4's profile here: https://www.ldmicro.com/profile/alpp
Forward-Looking
Statements:
The
information disclosed in this press release is made as of the date
hereof and reflects Alpine 4's most current assessment of its
historical financial performance and its future revenues. Actual
financial results may differ from those contained herein. These
forward-looking statements are not guarantees
of future
performance and are subject to uncertainties and other factors that
could cause actual results to differ materially from those
expressed in the forward-looking statements including, without
limitation, the risks, uncertainties, including the uncertainties
surrounding the current market volatility, and other factors that
the Company identifies from time to time in its filings with the
SEC. Although Alpine 4 believes that the assumptions on which these
forward-looking statements are based are reasonable, any of those
assumptions could prove to be inaccurate and, as a result, the
forward-looking statements based on those assumptions also could be
incorrect. You should not place undue reliance on these
forward-looking statements. The forward-looking statements
contained in this release are made as of the date hereof, and
Alpine 4 disclaims any intention or obligation to update the
forward-looking statements for subsequent events.
Contact
Information:
investorrelations@alpine4.com