otcbargains undervalued stock board

[otcbargains]

RELT - .119

Another pinkie with great earnings.


We had net income of $237,672 for the three months ended September 30, 2022, compared to a net loss of $56,950 for the three months ended September 30, 2021, an increase in net income of $294,622 or 517%, mainly due to the $744,006 or 121% increase in revenue, offset by the $386,433 or 74% increase in cost of goods sold and the $62,310 or 42% increase in general and administrative expenses.

https://www.otcmarkets.com/filing/html?id=16205601&guid=AfG-keOlfywfJth

It sounds like the 4th q should be a blowout.

On September 30, 2022, we had approximately $2,749,359 of remaining performance obligations on our construction contracts, which we also refer to as backlog. We expect to recognize our backlog as revenue during 2022.

Fantastic share structure

Market Cap Market Cap
1,394,364
11/29/2022
Authorized Shares
70,000,000
12/01/2022
Outstanding Shares
16,385,000
12/01/2022
Restricted
12,230,000
12/01/2022
Unrestricted
4,155,000
12/01/2022
Held at DTC
1,240,000
12/01/2022
Float
3,655,000
03/10/2022

They build luxury pools in the greater Austin area. They also started a Luxury home division. They have been building one and expensing it as they go. Once completed and sold it should make for a huge profit.

Custom Solar division started this year should contribute at some point.

A possible home run.