Alpine 4 Holdings Inc (ALPP)

[DANNO23]

ALPINE 4 Holdings Corporation announces RECORD REVENUES IN QUARTER TWO!!!! Profitability is in Hand!!

PHOENIX, AZ / ACCESSWIRE / August 11, 2023 / Alpine 4 Holdings, Inc. (Nasdaq:ALPP), a leading operator and owner of small market businesses, announced today the results for Q2 2023.

Q2 Summary Highlights:

• 11% quarterly revenue growth to $28.0 million in Q2 2023 vs $25.2 million in Q2 2022 and 3% growth during the first 6 months of 2023 revenues to more than $52.4 million vs. $50.9 million.

Manufacturing and Technologies segments accounted for 46% and 31% of total revenues, respectively.

• Gross margin increased to 28% in Q2 2023, compared to 24% during the same period in 2022.

• Non-GAAP Adjusted EBITDA Loss decreased 83% in Q2 2023 to $247,000 from $1.5 million in Q2 2022.

• Cash ended the period at $3.8 million

• Current Assets Rose 7.8% to $48 million vs. $44 million for the period ending Q2 2023 vs. Q2 2022.

Kent Wilson, Alpine 4 CEO, had this to say: "Q2's record-breaking revenue performance was a result of several sales initiatives going on within our subsidiaries. Our manufacturing subsidiaries really shined in Q2 and helped drive the Company to achieve this record revenue for the period. I want to say thank you to all of our hard-working employees that made this happen!"

🤑🤑ALPP🤑🤑