ALPINE 4 HOLDINGS INC A - ALPP STOCK NEWS

Alpine 4 Holdings (NASDAQ:ALPP) reported Q2 2022 revenues of $50.9 million, a significant 126% increase from Q2 2021. The company achieved proforma revenue exceeding $100 million for 2022. Shareholder equity rose to $70.6 million, and total assets increased to $135.2 million. Notable advancements include breakthroughs in solid-state battery technology and increased production capacity in subsidiaries like Elecjet and Quality Circuit Assembly. Despite current market challenges, management expresses optimism about future growth and profitability.

Alpine 4 Holdings (Nasdaq: ALPP) announced a registered direct offering of 14,492,754 shares and warrants at $0.69 each, totaling approximately $10 million. The closing is expected on July 13, 2022. The company plans to use the proceeds for R&D on its AX-03 solid-state batteries, materials purchasing to mitigate supply chain issues, and other operational needs. A.G.P./Alliance Global Partners is the sole placement agent. Details will be filed in a Form 8-K with the SEC.

Alpine 4 Holdings (NASDAQ:ALPP) announced the establishment of a Solid-State Battery prototype production line at its subsidiary Quality Circuit Assembly in San Jose, California. This initiative, involving a $2 million investment in equipment and training, aims for operational readiness by Q1 2023. The production line will focus on AX Class batteries and leverage QCA's AS9100D and ITAR Military certifications, positioning ElecJet to meet increasing demand for U.S.-made battery solutions.

Alpine 4 Holdings (NASDAQ:ALPP) announced its subsidiary, Quality Circuit Assembly (QCA), is relocating to a new facility in San Jose, California, with a capital investment of $2.1 million for a custom build-out and $1.4 million for new equipment. This move, expected in mid-late Q1 2023, aims to enhance QCA's capacity to serve Silicon Valley tech firms and potentially attract new customers. The president of QCA, Tim Garcia, expressed optimism about the company's growth, emphasizing its competitive edge following the new investment.

Alpine 4 Holdings (NASDAQ:ALPP) reported record weekly orders of $2.5 million for its subsidiary RCA Commercial, marking its largest orders since inception. This surge in demand reflects strong sales in commercial TVs, advanced LED lighting, and hospitality products. Andrew Spence, VP of RCA, highlighted the importance of continued innovation and collaboration with ElecJet for future consumer products. CEO Kent Wilson emphasized RCA's diverse offerings and synergy within the company's business model, aiming to enhance their competitive edge.

Alpine 4 Holdings (NASDAQ:ALPP) reported Q1 2022 revenues of $25.6 million, marking a 195% increase year-over-year with 14.9% organic growth. Proforma revenue for 2022 is projected to exceed $100 million. Shareholder equity rose to $68.0 million from $46.1 million in Q1 2021. However, working capital decreased to $15.1 million due to acquisition-related cash use. The company anticipates continued gross profit margin improvements despite supply chain challenges. CEO Kent Wilson emphasized operational efficiency gains through automation and strong vendor relationships.

Alpine 4 Holdings (NASDAQ:ALPP) announced that its subsidiary, Quality Circuit Assembly Inc. (QCA), has secured $4.8 million in new purchase orders for cleanroom monitoring systems. This represents an order size 30% larger than usual and reflects the substantial investments made by Alpine 4 in QCA over the past three years, enhancing its manufacturing capabilities. CEO Kent Wilson highlighted QCA's growing demand amid global supply chain challenges, underlining the team's effectiveness in managing customer needs. This development could positively impact investor confidence.

Alpine 4 Holdings (Nasdaq:ALPP) reported that its subsidiary, Thermal Dynamics International, Inc. (TDII), has secured $4.9 million in new US Government contracts, with all work scheduled for 2022. TDII specializes in managing complex projects for federal clients, including the Department of Defense and Department of State. President John Meiser expressed optimism regarding the increased flow of new projects due to easing travel restrictions. This contract win aligns with Alpine 4's strategy to integrate diverse subsidiaries across various industries.

Alpine 4 Holdings, Inc. (NASDAQ:ALPP) has secured new orders worth $2.2 million from its EV customers through its subsidiary, Quality Circuit Assembly, Inc. (QCA). This demand for US-assembled circuit boards and wire harnesses is anticipated to persist into 2023 due to OEMs' shifts towards domestic components. QCA's recent capital investments have enabled the acquisition of advanced equipment to handle more complex projects. The company has reported record growth, emphasizing the significance of localized sources for fulfilling supply chain needs amidst ongoing crises.