Yuengling's Ice Cream Corp (YCRM)

[SF971]

ReachOut was formed in 2010.

Sep 2022 is when they acquired IND Corp.

Nov 2023 is when they acquired RedGear
LLC.

Assuming each acquisition adds $4 M annual revenue.

20% Net Income margin assumption (may be conservative).

$3 M Revenue for 3 months ended Jan 31, 2024

$600k Net Income for 3 months ended Jan 31, 2024

$2 M Revenue for 3 months ended Jan 31, 2023

$400k Net Income for 3 months ended Jan 31, 2023

50% Year over Year growth


1 acquisition per quarter.

$16 M additional revenue in 2024

$12 M (existing) + $16 M (additional)

= $28 M total revenue in 2024

$5.6 Net Income in 2024