Monday, April 17, 2017 8:25:36 AM
As predicted, Acology Inc crushed sales in 2016 with a 37% beat over full year 2015, to finish the year very near $2 million! That's an increase of near half a million dollars! It's only getting better too, with a January update stating income is up 33% with unit sales up 25% over the previous January. In the most recent release ACOL states,
Here's a graph of ACOL sales throughout the years showing tremendous growth year over year.
Additionally, gross profit dollars increased 23% over the previous year to finish 2016 at $1.5 million, continuing the trend of high margins.
The addition of new products will only help propel the company forward. The new hydroponics division alone could add up to $5 million net to the bottom line in as little as two years! Coupled with the fact that management owns over 76% of Oustanding shares, shareholders should be in for a fun ride over the coming years.
Here's the latest PR highlighting how great the start of 2017 already is for ACOL:
Acology’s Big First Quarter, Highlights of 10K in Letter to Shareholders
CORONA, Calif., April 17, 2017 (GLOBE NEWSWIRE) -- A Letter from CEO Curt Fairbrother
Dear Shareholders:
I’m pleased to announce that as a result of late-year product additions, and continued surges of our signature product, Acology (OTC:ACOL) sales have significantly accelerated beyond our initial projections for the first quarter of 2017. Acology sold nearly half as many products in the first quarter as in all of 2016. This is attributable to gains in both national and global distribution, the addition of new distributors and expansion in the Canadian market. We believe that these trends will continue and that 2017 will be a banner year for us.
Friday’s publication of our 10K tracks the steady growth of our company from its inception and the success we’ve had in maintaining consistently high gross margins. By its nature the financial report is very conservative. It is worth noting that double-digit increases in year-to-year sales have been remarkably consistent. From 2013 to the present we have seen our business grow by an astonishing 770%. Our manufacturing arm is at less than 45% of capacity and poised for increased production. Our debt is manageable and the opportunity to significantly diminish it has already presented itself. We will update our progress in this endeavor as it develops.
We have always prided ourselves on growing the business from the inside-out, sometimes to the disappointment of our shareholders. We had the foresight to understand the emphasis and importance of multi-functional packaging in the medical and recreational cannabis industry. Increasing our sales force, although one of the largest of our expenditures, was the result of our commitment to become a global presence, especially in Canada. Most of our revenue is invested back into our business. We remain committed to these principles; steady growth, continued product diversity, concentrated person-to-person sales and marketing and the assurance of outstanding customer service.
Thank you for your continued trust and support. Acology is extremely confident that 2017 will be a breakout year. There is every indication, despite some uncertainty on the federal level, that our industry will continue to grow and prosper. We will continue with our commitment to position Acology as the premiere compliant-packaging solution at the head of that industry.
Curt Fairbrother, CEO
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