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A lot of mention of the non-cash impairment charges in the Kent Wilson & Chris Meinerz talking points:
Kent Wilson, Alpine 4 CEO, had this to say: “Our 2023 Q3 performance reflects both challenges and our steadfast commitment to innovation and quality. Despite a 7% decrease in revenue in the third quarter of 2023, our 2023 year-to-date revenues remained consistent, demonstrating resilience. Our focus on R&D in 2023, with significant investments of $3.1 million, continues to drive product development and quality improvements. While we faced non-cash impairment charges of $33 million in 2023, our gross margin held steady at 21%. Further, as we proceed with our divestment plan for non-performing subsidiaries, we expect our margins to increase in Q3 and Q4 2024. Finally, the filing of this quarterly report is the first step toward getting the Company back on track and current, and we expect subsequent filings to follow relatively quickly.”
Chris Meinerz, CFO of Alpine 4, had this to say, "During the third quarter of 2023, the Company considered the sustained decrease in the Company’s publicly quoted share price and market capitalization; adverse impacts from macroeconomic conditions such as inflationary pressures and capital markets accessibility, the war in Ukraine and the war in the Middle East; and unfavorable short-term changes in the investment and operating plans of our primary customers; and as a result of these events concluded that a triggering event occurred which required the Company to perform an interim quantitative impairment test as of September 30, 2023. This assessment involved comparing the estimated fair value of each of its reporting units to the reporting unit’s carrying value, inclusive of the goodwill balance allocated to the reporting unit. Based upon the results of the impairment test, the Company concluded that the carrying value of certain reporting units exceeded their estimated fair value, resulting in a goodwill and long-lived intangible assets impairment charge. This impairment charge will not impact the Company’s cash flow.”
From the Q:
Q3 Summary Highlights:
•Revenue Performance: Revenue decreased by 7% in Q3 2023, totaling $25.6 million compared to $27.5 million in Q3 2022.
•Year-to-Date Revenues: Revenues for the first nine months remained consistent, with $78.0 million in 2023 versus $78.3 million for the same period in 2022.
•Revenue Segments: The Manufacturing and Technologies segments accounted for 39% and 31% of total revenues, respectively.
•Gross Margin Stability: The gross margin remained steady at 21% for the first nine months of 2023, compared to the same period in 2022.
•Impairment Charges: Non-cash impairment charges amounted to $33 million in Q3 2023, resulting from several different triggering events.
•Cash Position: The cash position at the end of the period was $2.9 million.
•Research and Development (R&D): The company significantly increased its R&D expenses, from $0.7 million in the first nine months of 2022 to $3.1 million in the same period of 2023, underscoring its commitment to innovation and technological enhancement.
U.S. approves first gene-editing treatment, Casgevy, for sickle cell disease https://www.cnbc.com/2023/12/08/casgevy-first-crispr-gene-editing-treatment-approved-in-us.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
U.S. approves first gene-editing treatment, Casgevy, for sickle cell disease https://www.cnbc.com/2023/12/08/casgevy-first-crispr-gene-editing-treatment-approved-in-us.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
That is great news! Kent is bringing home the turkey ahead of schedule.
New RCA gaming monitor lineup called Evolution.
New Tweets out:
Visit: https://t.co/qxJDaguJpe to get your hands on one of these new exciting gaming monitors from RCA Commercial! $ALPP https://t.co/wJ6Z0PQhkZ
— Alpine 4 Holdings, Inc. (@alpine4holdings) October 31, 2023
He dresses better than Dan.
That’s Craig Codling, A4’s CTO.
Our website has a fresh new look!
— GlobalAutonomousCorp (@GAC_USA) October 18, 2023
https://t.co/IgOX7gDoUW@alpine4holdings @VayuDrone @Elecjet_us @ghaniconsulting #drones #deliverybydrone #Dubai #FutureTech #siliconoasis $ALPP
Thank you @gregfairlie and @DubaiOneTV for the live in studio interview with Kent Wilson, CEO of GAC and @alpine4holdings, to discuss GAC's initiatives in Dubai. $ALPP
— GlobalAutonomousCorp (@GAC_USA) May 18, 2023
To view the interview, follow the link below:https://t.co/SgGlBgSHxh#Dubai #dronedelivery #futuretech pic.twitter.com/6AXo54ykVs
It’s so much more than pizza’s flying around on Friday evenings in Dubai. Smart shareholders realize that.
Those shares I snagged for a quarter last week are going to do well. Happy to see that A4 is current & looking forward to the next Q.
He was pumping many stocks of which ALPP was one & I don’t think had to serve jail time. The 6-month delay had much to do w/ getting SOX compliant.
With regards to tutes shorting ALPP, there’s only 1, with 67 long only & 3 long & short.
Short interest is down to 11.6M & that’s only 6.28% of the float. Not bad for a small tech company during these high inflationary times.
Agreed! Looking forward to learning more about these other products on the horizon.
That’s not part of A4. Here’s the Twitter post with the clarification:
$ALPP Clarity for shareholders regarding RCA. Established Inc. owns the the RCA brand and holds the trade mark rights to all of RCA. Alpine 4’s, RCA Commercial, holds the license to sell Commercial TV’s and Comercial Lighting with new categories on the horizon.
— Alpine 4 Holdings, Inc. (@alpine4holdings) January 6, 2023
$ALPP RCA Commercial Electronics will be debuting their newest solid-state battery products, PowerTote and PowerMotion, in Las Vegas at the Consumer Electronics Show Jan 5-8, 2023 at Booth 16193
— Alpine 4 Holdings, Inc. (@alpine4holdings) January 2, 2023
CES is the most influential tech event in the world!https://t.co/vRUQYtiIRN
$ALPP RCA Commercial Product Video for CES 2023! https://t.co/oKTiapP9RK
— Alpine 4 Holdings, Inc. (@alpine4holdings) January 2, 2023
Going up from here.
It’s hard to compare crypto to a NASDAQ small cap.
$ALPP looks to be moving up this morning. I think a dime is just a bear dream. Won’t happen. Too much going on here. Expecting a big move soon.
GRND.WS
Volume is looking good today. I’m fine with the Q being reported tomorrow. Let’s go! Turnaround Tuesday!
A4 is not nearing the end of the compliance. They still have 2 1/2 months. Given current market conditions I think they would receive another “cure period” which puts them out until end of May 2023.
Come fly with us... new flight video of the G1 and Knucklebuster. $ALPP pic.twitter.com/9qx5DnPdRz
— Vayu Aerospace Corporation (@VayuDrone) August 24, 2022
Twitter has been pretty busy w/ $ALPP @Alpine4Holdings @VayuDrone @Elecjet_us & other Tweets!
With this logic I suppose McDonald’s will be bankrupted first.
Alpine 4 Holdings (ALPP) Subsidiary ElecJet Reveals its Graphene Enhanced AX and G-AX Class Solid-State Batteries
NEWS PROVIDED BY
Alpine 4 Holdings, Inc.
Feb 16, 2022, 13:30 ET
PHOENIX, Feb. 16, 2022 /PRNewswire/ -- Alpine 4 Holdings, Inc. (Nasdaq: ALPP), a leading operator and owner of small market businesses announced today that subsidiary, ElecJet, has revealed its AX and G-AX Class of solid-state batteries. ElecJet has completed its initial demonstration product run of its AX Class 31Ah Solid State Batteries. The company will be distributing these batteries as test samples to various corporations upon request.
The AX Battery Class is a Ceramic Oxide solid-state battery and comes in the form of a 31Ah Solid-State Battery and a 10Ah Solid-State Battery. The AX battery was designed for ultra-energy dense applications that need a powerful battery solution but not necessarily the ultra-fast (8C+) charging that the G-AX Class Batteries can provide. Both the G-AX and AX use graphene in the battery cells but for different purposes and at different levels of the battery's design.
The AX Battery Class is still quite fast and has operating specifications of up to 4C charging. At a 4C rate of charge, the AX Class can charge in 15-minutes. Typical fast charging Lithium-Ion batteries charge between .5C and 1C which equates to 1 hour at 1C and 2 hours at .5C. The AX Class can also retain 80% of its capacity for over 1,000 charging cycles. With up to an incredible 280Wh/kg energy density, the AX Class is the perfect solution for Power walls, smaller ESS solutions, golf carts, and EV vehicles. Production of an improved 360Wh/kg model (already tested in prototypes) will begin later this year, improving energy density by almost three-fold over lithium-polymer. With *1,000 charge cycles and the typical range of an electric vehicle being 300 miles, an electric vehicle powered by the AX Class of batteries would be able to drive over 300,000 miles before the battery pack would see any significant degradation to its life cycle. *Technical specifications show 1,200 charge cycles, with 1,000 charge cycles expected in an EV application
The G-AX Class consists of a graphene enhanced 31Ah Solid-State Battery and graphene enhanced 50Ah Solid-State Battery, designed for ultra-fast (8C+) charging solutions for the EV Market that need a powerful battery solution while retaining over 80% of its capacity after 1000 charges. At an 8C rate of charge, the G-AX Class can charge in under 8-minutes. The G-AX Battery Class can be customized up to 50C charging. Also having 360Wh/kg, the G-AX Class was designed to be incorporated into a battery stack solution perfect for EV vehicles in the transportation industry that need to charge quickly. In line with the AX Class, an electric vehicle powered by the G-AX Class of batteries would also be able to drive over 300,000 miles before the battery pack would see any significant degradation to its life cycle.
Anyone watching this Context 365 interview being conducted by Guy Adami w Kent & Chad Anderson. I loved the commercial.
All New for 2022 - Lucid Motors review of the Lucid Gravity SUV-
Don’t know. They are not publicly required to report, but we should find out over the next year or so. I’m willing to hold long-term & find out.
The best part of the PR was this:
“The combined efforts of Alpine 4 and ElecJet culminated in two achievements. The first was recognizing that the business opportunities for ElecJet would be greatly enhanced as an Alpine 4 subsidiary. The second was that working together as one company, we could offer the electric vehicle (EV) market a new and compelling battery solution. Most EV manufacturers use pure lithium battery cells such as the 18650, 21700, and 4680. EV companies such as Rivian, Tesla, Lucid and others, utilize varying battery cells depending upon the power to energy density needs of the vehicle they are producing. ElecJet's graphene lithium battery offering will enhance all three primary battery cells currently used by EV manufacturers (18650, 21700, and 4680) in both power density and energy density. One key performance aspect of our graphene batteries is that they will be able to charge 5-8 times faster than the aforementioned lithium batteries can. Imagine charging your car from 0-80% at a DC rapid charging system in under 10 minutes compared to 30-45 minutes with just lithium batteries and subsequently not damage the battery cells within your vehicle like repeated DC charging can do. This will bring the feasibility of vehicles that use our graphene batteries in line with the time it takes to fill a conventional vehicle with gas. We feel this is the game-changer for the EV market as well as other various commercial applications."
My math says they’re down 9 pennies on the stock, but their 1/2 warrant per share makes them net positive by $1.51, since the warrants are worth $3.19 per share.
I just entered a trade on Schwab for an OTC stock & they identified no commission, so that’s wrong.
Our daily A4 update:
$ALPP Alpine 4’s Vayu Aerospace looks forward to introducing its newest use case small drone next week. We are proud to expand our product line of American Drone Tech🇺🇸
— Alpine 4 Holdings, Inc. (@alpine4holdings) November 19, 2021
I’ve done a lot of DD on Alpine4. This company has a solid leadership team. Q3 will show improved earnings w/ net profitability.