In light of the developments from yesterday, it is likely that Rodedawg International Industries Inc. (OTC:RWGI) could be one of the companies that come into focus in a big way among investors today. Yesterday, the company hit the newswires after it announced its financial results for the fiscal quarter that ended on March 31, 2024. The company revealed that it had generated a 200% rise in revenues for the quarter, which proved to be higher than expectations. The Chief Executive Officer of the company, Chris Swartz, spoke about the development as well. He noted that the company’s team had managed to deliver revenues that exceeded expectations.
He reiterated the fact that had been cited in recent press releases from Rodedawg International Industries with regards to the fact that the company was on the right trajectory. In order to continue to deliver on the growth plans, Rodedawg International Industries had also hired a seasoned management team, boosted manufacturing capabilities, and increased the asset base of licenses. Swartz also stated that the expansions that had been made in the important growth areas would put Rodedawg International Industries in a position to continue the ‘hockey stick’ pattern of growth. The CEO stated that in the coming weeks the company would provide glimpses into the infrastructure enhancements meant to spark growth in the present and the future.
Perhaps more importantly, Swartz also spoke about the fact that the company remained committed to providing value to its shareholders. He stated that the company would provide a fresh update soon with regards to the cancellation of as many as 100 million shares. Lastly, Swartz noted that the carefully devised strategy of the company to expand through mergers, acquisitions, and higher sales had already led to higher revenues in 2024 and could lead to higher revenues than the original goal of $7 million a year.
