BrewBilt Manufacturing Inc. (OTCMKTS:BBRW) is in a range after announcing revenue of $575,000 for the quarter ending September 30, 2021.
Trading Data
On Tuesday, BBRW stock ended flat at $0.0013 with more than 76.54 million shares, compared to its average volume of 91.72 million shares. The stock has moved within a range of $0.0012 – 0.0014 after opening the trade at $0.0014.
Earnings Review
Also, the company confirmed growth in new brewery systems quotation from potential clients. CEO Jef Lewis said they are delighted to see a rebound of the revenues with the economy returning to normal levels after the impact of the pandemic. Besides the revenue generated in the quarter, BrewBilt received purchase orders from customers expected to generate revenue of around $2 million in subsequent quarters as the company produces and delivers the ordered brewing systems to the customers.
Lewis added that they are encouraged by the growing customer inquiries for brewing systems. He explained that a serious client request as a quotation as part of the financing needs when expanding or building a brewery. Most importantly, the time taken to provide a quote and receive a purchase order takes four to six months, but there is no guarantee that a quote will result in a purchase order. So, in the coming months, BBRW is worth watching.
Key Quote
Jef Lewis, the Company’s CEO, stated, “We are pleased to report that our revenues have begun to rebound as the economy returns to normalized levels following the impact of COVID-19. In addition to revenue generated during the most recent quarter, the Company has received customer purchase orders that are expected to result in revenues in excess of $2,000,000 in future quarters, as the Company manufactures and delivers the brewing systems ordered by these customers.”
