Feb 13, 2023 6:30 AM
Preliminary revenue for the fourth quarter of 2022 of
Ault Alliance’s
Preliminary unaudited revenue by business segment are as follows:
For the Three Months Ended |
For the Year Ended |
||||||||||||
|
|
||||||||||||
Business Segment |
2022 |
2021 |
2022 |
2021 |
|||||||||
Giga-tronics Inc. |
$ |
8,800,000 |
$ |
6,383,000 |
|
$ |
30,300,000 |
$ |
25,581,000 |
||||
Imperalis Holding Corp. (TurnOnGreen) |
|
1,700,000 |
|
1,038,000 |
|
|
5,500,000 |
|
5,346,000 |
||||
Technology and finance: |
|||||||||||||
|
|
4,600,000 |
|
(2,761,000 |
) |
|
36,800,000 |
|
16,854,000 |
||||
The Singing Machine Company |
|
7,100,000 |
|
- |
|
|
24,200,000 |
|
- |
||||
|
|
5,300,000 |
|
2,757,000 |
|
|
16,700,000 |
|
3,450,000 |
||||
Hotels, real estate and data center: |
|||||||||||||
|
|
3,900,000 |
|
- |
|
|
16,700,000 |
|
- |
||||
|
|
300,000 |
|
258,000 |
|
|
1,100,000 |
|
788,000 |
||||
Energy and infrastructure: |
|||||||||||||
Circle 8 |
|
2,700,000 |
|
- |
|
|
2,700,000 |
|
- |
||||
Other |
|
- |
|
145,000 |
|
|
200,000 |
|
381,000 |
||||
Total revenue |
$ |
34,400,000 |
$ |
7,820,000 |
|
$ |
134,200,000 |
$ |
52,400,000 |
Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “We remain focused on delivering strong revenue growth and are pleased to report record revenue for 2022 with higher revenue across all business segments. We welcome the Circle 8 crane business to the
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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
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