Titan NRG (OTCMKTS:TTNN) Stock On Radar After Record December Revenue
Following the announcement about the achievement of a key milestone yesterday, it may be a good idea for investors to keep an eye on the stock of the downstream and transportation energy firm Titan NRG (OTCMKTS:TTNN) this morning.
Titan NRG, Inc. (TTNN) Announces Milestone Reached With Record December Revenue
The company announced yesterday that milestone it hit was that of hitting gross revenue of more than $1 million for the month of December 2022. It should be noted that the company mainly works through it fully owned subsidiary units. The President of the company Alex Majalca Jr spoke about the development as well. He noted that owing to supply disruptions that have been caused in recent times, NRG Dynamics, one of the subsidiaries had managed to generate record gross revenues. That had been triggered by longer hauls.
He went on to note that everyone at the company was now looking forward to 2023 and work on taking on the challenges that may come up. Majalca also stated that Titan NRG had an excellent team in place and he was proud of the work that it had managed to accomplish. Yesterday, the company also announced the launch of an employee ownership initiative and some employees would get part of their compensation in stock as part of it.
Key Quote
“We’ve been seeing record gross revenue numbers with NRG Dynamics due to supply disruptions, creating longer hauls. We also have some of the highest asset utilization we’ve ever seen and it’s fueling record numbers.” said Alex Majalca Jr., Titan NRG’s President, and CEO. “We’re excited to see what 2023 brings and look forward to tackling the challenges that may arise. We have an amazing team in place that I’m very proud of.”
