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Replies to post #55647 on GenTech Holdings Inc (GTEH)
Expecting 10m revenues -> David Lovatt, CEO of GenTech Holdings commented, “These figures continue to show exceptional growth relative to our 2020 revenues. To be able to close out the Oct. ‘20 to Oct. ‘21 year-end figures at around $900,000 against previous year’s figures which were in the $200s, shows very exciting growth. When you add in the trailing twelve months figures to the equation, that’s when you really see the growth that is happening in real time, as that figure comes out in excess of $1.3m for calendar year 2021.
Lovatt continued “With the latest revenue figures calculated and as we continue to extrapolate forward, it is looking like $3.5 million in 2022 is a feasible and realistic goal. However, we anticipate a much more aggressive growth curve than that, based on the addition of Fizzique and Storm to our offerings. Our forecasts for 2022 show stretch targets around the $7m mark, but if all goes well with Fizzique, we could definitely exceed our top end $10m target.”
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