Post by
thegoldenman on Mar 21, 2022 9:18am
Atlas Engineered Products Announces Preliminary Q4 and Full
The Company has continued to carry the strong momentum generated in the first nine months of 2021 into the fourth quarter of 2021. The Company expects to recognize revenues of approximately $13.9 million for the three months ended December 31, 2021 , expected to represent a 25% increase from the three months ended December 31, 2020 during which the Company reported revenues of $11.1 million . It should be noted that the Company's fourth quarter is traditionally a slower quarter due to weather conditions in most of the Company's markets. For the fiscal year ended December 31, 2021 , the Company expects to recognize revenues of just under $55.0 million compared to revenues of $35.7 million reported by the Company for the year ended December 31, 2020 , expected to represent an increase of $19.3 million or 54%.
Comment by
redcoats on Apr 07, 2022 9:37pm
So a company with sales of $55 million, which increased 54% in one year, has a narket cap of $36 million, using a share price of 61 cents. No wonder the company and insiders (and me - LOL), are loading up. Wait till the Hitec sales hit the quarterleys.