ALPINE 4 HOLDINGS INC A - ALPP STOCK NEWS

Alpine 4 Holdings (NASDAQ:ALPP) has projected Q1 2022 revenues between $24 million and $26 million, anticipating an annual total exceeding $100 million. CEO Kent Wilson highlighted a gross profit trajectory towards the mid-20% range. Despite ongoing supply chain challenges, Wilson expressed optimism about the company’s new products and strong demand in the electric vehicle sector. Alpine 4 focuses on acquiring businesses across multiple industries to create synergies and drive shareholder value.

Alpine 4 Holdings (NASDAQ:ALPP) reported a 54.3% increase in consolidated revenues to $51.6 million for 2021, with organic growth of 6.4%. The company anticipates proforma revenues exceeding $100 million in 2022. The total revenue backlog stood at $36.6 million, while the cash reserve grew to $3.7 million. Six strategic acquisitions were made, reinforcing its position in key industries. Notably, shareholder equity surged to $72.1 million from a negative $8.8 million in 2020. Challenges include a net profit of ($19.4 million) and EBITDA losses of ($11.5 million).

Alpine 4 Holdings (ALPP) announced a shift to a rotating Chairmanship on its Board of Directors, aiming to provide diverse operational insights. Effective April 6, 2022, Gerry Garcia has been appointed as the inaugural Chairwoman, bringing 18 years of experience in finance and operations. The board also welcomed Andy Call as a Financial Expert on the Audit Committee. Garcia has managed multimillion-dollar budgets, while Call is a noted accounting professor with extensive research contributions, enhancing the board's financial expertise.

Alpine 4 Holdings (NASDAQ:ALPP) announced that its subsidiary, ElecJet, has released specifications for its AX Class of Solid-State Batteries, achieving production capabilities of 100,000 units per month. The Battery Innovation Center (BIC) verified the performance of these batteries, confirming impressive specifications. The AX-01 model demonstrates remarkable survivability under stress tests, while the AX-02 offers rapid charging and extended cycle life. Both models outperform traditional lithium batteries significantly, indicating potential for disruption in the electric vehicle and energy storage markets.

On March 25, 2022, Alpine 4 Holdings, Inc. (ALPP) announced that its subsidiary, ElecJet, received third-party testing results for its AX Class of Solid-State Batteries from the Battery Innovation Center (BIC). The AX-01 and AX-02 models demonstrated superior safety and energy density, with the AX-01 surviving extreme tests and a cycle life of over 1,200, while the AX-02 can charge in 15 minutes and features a cycle life of over 2,400. Both models exhibit breakthrough energy densities, proving competitive against traditional lithium batteries in energy storage and longevity.

On March 23, 2022, Alpine 4 Holdings (ALPP) announced that its subsidiary, Vayu Aerospace Corporation, has entered into a procurement agreement with ENSCO to acquire the US-1 drone. This drone is intended for various applications, including those for the Department of Defense and Homeland Security. Vayu's President, TK Eppley, highlighted ongoing developments in drone production and the company's ability to manufacture the US-2 model. Alpine 4's CEO, Kent Wilson, praised the team's efforts in ensuring the removal of Chinese components from their drones, emphasizing their commitment to US manufacturing.

Alpine 4 Holdings, Inc. (Nasdaq: ALPP) announced that its subsidiary, Morris Sheet Metal, has secured new projects worth $4.6 million in the educational and healthcare sectors. President Tom Laubhan emphasized the company's integrity in managing challenges posed by unprecedented material cost increases, particularly in steel. CEO Kent Wilson noted this award reflects a rebalance in the construction market post-2021 volatility. Morris Sheet Metal, established in 1992, operates under Alpine 4's disruptive DSF business model, focusing on synergy and innovation to enhance shareholder value.

Alpine 4 Holdings (ALPP) announced that its subsidiary, ElecJet, has unveiled the AX and G-AX Class solid-state batteries. The AX Class includes 31Ah and 10Ah batteries, designed for energy-dense applications, charging at rates up to 4C in just 15 minutes while retaining 80% capacity after 1,000 cycles. The G-AX Class features ultra-fast charging (up to 8C) with similar longevity. Both battery classes promise significant safety improvements over traditional lithium batteries. Production of an advanced model is set to begin later in the year.

Alpine 4 Holdings (Nasdaq: ALPP) announced that its subsidiary Vayu Aerospace has successfully integrated ElecJet's Solid-State Battery into the new Vayu A4M1 Power System, which delivers 1.55kw of power, enhancing the G1 drone's capabilities. The A4M1 battery is 2.5 times more powerful than current lithium-ion options, featuring fast charging in 15 minutes and fire resistance. Vayu sees increasing interest from gas exploration and aerial surveillance sectors, projecting higher sales and innovation in autonomous flight through this technology.