It is often said that sometimes there are certain companies in the market that might be overlooked by investors despite being pretty solid businesses and an example of that at this point is possibly Reliant Holdings Inc. The company had been formed back in 2013 and it eventually became a listed company that now has two specific divisions.
One of those is Reliant Holdings (OTCMKTS:RELT) and the other is Reliant Custom Homes. The company has managed to grow its business quite strongly in recent times and also believes that in 2022 its revenues are going to deliver positive growth.
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In recent weeks there has been no news at all about the company. One would need to go back to January 18 to come across ay news about Reliant Holdings. At the time, the company reported another strong year of business and generated significant growth in terms of revenues. It was noted that Reliant Pools, one of its business ventures, had managed to generate significant growth on a year-on-year basis. As it continued to expand its operations, Reliant Pools managed to generate sales of as much as $3.8 million in 2021.
In this regard, it is also necessary to point out that the average cost of a pool had also gone up considerably year on year. In 2021, the average cost of a pool stood at $165,865 and that was substantially more than the average cost of a pool of $154,006 in the prior year.
Elijay May, who is the Chief Executive Officer of the company, noted that the pool industry has managed to generate considerable growth in recent times and has been performing ‘exceedingly well. He also noted that the performance of Reliant Pools was also an indication of the sort of growth that is being seen in the premium housing segment. It could be a good time for investors to consider keeping an eye on the stock in the coming days.
