Dalrada Continues Upward Trajectory with 252% Growth in Third Quarter 2022 Financial Results
May 26 2022 - 08:00AM
InvestorsHub NewsWire
SAN DIEGO, CA -- May 26, 2022 -- InvestorsHub
NewsWire -- Dalrada
Corporation (OTCQB: DFCO,
"Dalrada") reported record growth in its financial results for Q3
2022. The quarter ended March 31, 2022, and Dalrada generated
revenue of $5,592,150, representing 252% growth compared with the
same period in fiscal 2021 ($1,588,329). For the nine-month period
ended March 31, 2022, Dalrada generated $15,641,766, which
represented 458% growth compared to the same period in fiscal 2021
($2,803,239). The increase in revenues is primarily attributable to
the Company's COVID-19 testing segment and the sale of its
Likido®ONE and Likido®CRYO
products.
During the
quarter ending March 31, 2022, the Company completed two
significant opportunities, resulting in upside to revenues and
shareholder value. Dalrada Precision has been providing managed
services to support international transactions on multiple
contracts. Furthermore, the newly-established Dalrada Energy
Services division has developed a business model that resulted in
the signing of five contracts with mid and large-sized
facilities/buildings by providing energy-saving services that
utilize various technologies, including Dalrada's
Likido® products. These two opportunities may result in
an influx of revenue and profit during the remainder of this fiscal
year.
Dalrada has
completed multiple contracts related to Dalrada Energy Services and
anticipates revenue to arrive within a short period of time.
Additionally, Dalrada is actively managing significant
opportunities outside its core businesses and expects further
increased revenues and shareholder value during the remainder of
the fiscal year.
Dalrada's
agility allows it to respond immediately to demands for safer
alternative products and services that provide significant value
and benefit.
In the third
quarter alone, Dalrada's major accomplishments
included:
Brian Bonar,
Dalrada's Chairman and CEO, states, "Dalrada's innovations are
making a positive impact in the top growth markets of clean energy,
healthcare, and technology. We look forward to sharing more about
Dalrada's progress."
For additional
information on Dalrada and its subsidiaries,
visit www.dalrada.com.
About Dalrada
(DFCO)
Dalrada
Corporation drives innovation that positively impacts people,
businesses, and the planet. With subsidiaries that are firmly
positioned in the world's top three-growing industries of
healthcare, clean energy, and technology, Dalrada creates solutions
that are sustainable, affordable, and
accessible.
The company
works continually to produce disruptive products and services that
accelerate positive change for current and future generations.
Dalrada's global solutions directly address climate change,
post-pandemic gaps in the healthcare industry, and technology
solutions for a new era of human behavior and interaction, ensuring
a bright future for the world around
us.
Established in
1982, Dalrada has since grown its footprint to include the unique
business divisions: Dalrada Health, Dalrada Precision, and Dalrada
Technologies. Please visit www.dalrada.com and
follow us on Twitter, Facebook,
and LinkedIn for more
information.
Disclaimer
Statements in
this press release that are not historical facts, the statements
are forward-looking, including statements regarding future revenues
and sales projections, plans for future financing, the ability to
meet operational milestones, marketing arrangements and plans, and
shipments to and regulatory approvals in international markets.
Such statements reflect management's current views, are based on
certain assumptions, and involve risks and uncertainties. Actual
results, events, or performance may differ materially from the
above forward-looking statements due to a number of important
factors and will be dependent upon a variety of factors including,
but not limited to, our ability to obtain additional financing that
will allow us to continue our current and future operations and
whether demand for our products and services in domestic and
international markets will continue to expand. The Company
undertakes no obligation to publicly update these forward-looking
statements to reflect events or circumstances that occur after the
date hereof or to reflect any change in the Company's expectations
with regard to these forward-looking statements or the occurrence
of unanticipated events. Factors that may impact the Company's
success are more fully disclosed in the Company's most recent
public filings with the US Securities and Exchange Commission
("SEC"), including its annual report on Form
10-K.
Dalrada Financial (QB) (USOTC:DFCO)
Historical Stock Chart
From Feb 2024 to Mar 2024
Dalrada Financial (QB) (USOTC:DFCO)
Historical Stock Chart
From Mar 2023 to Mar 2024