There has been no new development with regards to Alpine 4 Holdings (OTCMKTS:ALPP) in recent days but this past Friday the stock saw considerable action and ended the day with gains of as much as 10.59%. In this situation, it might be a good idea for investors to perhaps take a look at an announcement from the company back in July.
On July 19, Alpine 4 provided its preliminary projections for its sales in the second fiscal quarter. The company announced that in the second quarter, it expected to generate sales of as much as $14 million and that is going to reflect a revenues growth of as much as 54% year on year.
However, that was not all. Alpine 4 Holdings also projected that the revenues in the third quarter are going to be $18 million. Kent B. Wilson, the Chief Executive Officer of the company, spoke about Alpine 4’s performance as well.
He stated that that strong performance in the quarter was primarily driven by the performances from A 4 Manufacturing and its subsidiary companies like Alternative Labs LLC and Quality Circuit Assembly Inc. The stock is expected to be in focus among investors this week.