Jul 26, 2023 6:30 AM
Key highlights of Ault Alliance’s second quarter 2023 financial performance included:
Preliminary unaudited revenue by business segment are as follows:
Preliminary |
Actual |
Actual |
||||||||
Business Segment |
Q2-2023 |
Q1-2023 |
Q2-2022 |
|||||||
Giga-tronics Incorporated |
$ |
8,800,000 |
$ |
8,708,000 |
|
$ |
6,503,000 |
|||
Imperalis Holding Corp., d/b/a |
|
700,000 |
|
876,000 |
|
|
1,062,000 |
|||
Technology and finance: |
|
|
|
|
|
|
||||
The Singing Machine Company, Inc. |
|
2,600,000 |
|
3,383,000 |
|
|
- |
|||
Revenue, cryptocurrency mining |
|
8,400,000 |
|
7,347,000 |
|
|
3,976,000 |
|||
Revenue, commercial real estate leases |
|
300,000 |
|
458,000 |
|
|
272,000 |
|||
Revenue, lending and trading activities |
|
9,500,000 |
|
(4,939,000 |
) |
|
943,000 |
|||
|
|
4,400,000 |
|
2,243,000 |
|
|
4,598,000 |
|||
Energy and Infrastructure: |
||||||||||
|
|
12,600,000 |
|
12,646,000 |
|
|
- |
|||
Other |
|
- |
|
464,000 |
|
|
12,000 |
|||
Total revenue |
$ |
47,300,000 |
$ |
31,186,000 |
|
$ |
17,366,000 |
Expressing his satisfaction with the second quarter performance, Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “Our unwavering commitment to robust revenue growth is reflected in our impressive second quarter 2023 results. Key contributors to our significant growth include our lending and trading operations and Bitcoin mining operations. Our strategic investments across three major segments - technology and finance, real estate, and energy and infrastructure - have formed a solid foundation for sustained growth. Furthermore, the consistent positive impact of the Circle 8 crane operations since its strategic acquisition in
For more information on
About
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20230726828060/en/
IR@Ault.com or 1-888-753-2235
Source: