$ADMQ I want to emphasize our view of the Company’s importance to the communities where we have a presence and of our ongoing focus on keeping our employees safe while supporting customers during the pandemic. Part of our business is to supply schools and while every part of our operations is important, the entire team at ADM takes great pride ensuring students got what they need when they needed it from us during a very challenging year in schools. Throughout 2021, we expanded our business model while operating in the challenges posed by the COVID-19 pandemic and knowing we played a role in supplying schools is an honor and obligation we take very seriously."
Key Financial Highlights:
Revenues for the year ended December 31, 2021, increased 30% to $6.5 million, as compared to $5 million in the fiscal year for 2020.
Net Income was $737 thousand in 2021, as compared to a loss of $23 thousand in 2020.
"We continue to see good momentum in our business as customers are looking to modernize their organizations for quickness and choices. With the diversity of our portfolio and line of products, we are well positioned to help our customers in all their needs," continued Mr. Johnson. "As we continue our growth and expansion, we have several initiatives in place that we believe will support our long-term plans, including building a new headquarters with warehouse that will be 80,000 – 100,000 square feet. We believe strategic acquisitions can be part of our plan, including but not limited to acquiring a sign shop allowing us to bring production in house and increase margins and customer base."
"We finished 2021 with a strong balance sheet to support our business plan moving forward and the investments we made over the last year, including having a good amount of inventory allows us to better serve our customers with product availability and quick service. We will continue to focus on our sales channels, including our commitment to meeting customers’ needs while expanding our customer base in the private and public sectors," concluded Mr. Johnson.
