ALPINE 4 HOLDINGS INC A - ALPP STOCK NEWS

Alpine 4 Holdings, Inc. (ALPP) announced its subsidiary, Morris Sheet Metal (MSM), secured $2.3 million in new building projects, elevating its backlog production work to $9.8 million. Significant contracts include over $500,000 from a major healthcare provider in Northeast Indiana and $1.3 million from an orthopedic healthcare project in Ohio. MSM attributes its growth to efficiency improvements and a strong apprenticeship program. The company aims for continued success in the fabrication and construction sectors amid current labor shortages.

Alpine 4 Holdings, Inc. (ALPP) announced that its subsidiary, Alternative Laboratories, secured $2 million in new production orders for June and July 2021, increasing the backlog to nearly $5.8 million. Alt Labs is developing around 40 new formulas and expanding its R&D staff to accommodate new projects. With the addition of new mixing equipment, Alt Labs expects to exceed $22 million in production for 2021, marking a significant improvement over 2020.

Alpine 4 Holdings, Inc. (ALPP) has announced that its subsidiary, Morris Sheet Metal (MSM), secured $1.7 million in new building projects with healthcare clients. MSM President Tom Laubhan emphasized the company's strength and ongoing contracts, highlighting the hard work of their employees in Indiana. Founded in 1998, MSM specializes in HVAC contracting and custom sheet metal fabrication. Alpine 4 focuses on acquiring businesses that foster synergy, innovation, and excellence within its disruptive business model.

Alpine 4 Holdings (ALPP) released its Q1 2021 CEO letter, highlighting a transformative period for the company. They raised $54 million and reduced debt by $14 million, significantly improving financial health. Total assets surged by 107.8% year-over-year, while liabilities dropped by 22.1%. Revenue for Q1 was $8.7 million, down slightly from $8.8 million in Q1 2020. Notably, the aerospace sector is expected to grow, with new products slated for release in Q3 2021. The company's consolidation of subsidiaries aims to enhance profitability amidst challenges faced in construction services.

Alpine 4 Holdings, Inc. (OTCQB:ALPP) announced the acquisition of Alternative Labs, LLC, a Florida-based nutraceutical and CBD contract manufacturer. This firm, with a 70,000 square feet facility, is currently generating approximately $22 million in annual revenue at only 15% capacity, with expectations to reach $40 million by 2022. The acquisition is part of Alpine 4's strategy to expand its manufacturing portfolio, positioning Alternative Labs as a Stabilizer in its DSF business model.

Alpine 4 Holdings, Inc. (OTCQB:ALPP) announced the acquisition of Thermal Dynamics International, Inc. (TDII), a company serving the US Federal Government, including the Department of Defense. The deal, expected to close by May 17, 2021, aims to enhance A4 Defense Systems' capabilities. TDII generates annual sales of $9 million to $13 million and will support Alpine 4's growth strategy, projecting revenue growth to exceed $50 million by 2025. This acquisition marks a strategic entry into defense services for Alpine 4, reinforcing its position in government contracting.

Alpine 4 Holdings (OTCQB:ALPP) reported a 19% revenue growth for 2020, totaling $33.5 million, despite challenges from COVID-19. The company anticipates its shareholder equity to reach $40 million in Q1 2021. During the pandemic, Alpine 4 prioritized employee retention, maintaining 95% of its workforce, incurring a $3.2 million expense. The firm completed a $50 million capital raise in Q1 2021, positioning itself for future profitability and resilience in the market. The CEO expresses confidence in exceeding pre-COVID revenue in Q2 2021.

Alpine 4 Holdings, Inc. (ALPP) announced its subsidiary, Excel Fabrication, secured $1.3M in new contracts for March 2021, marking a strong end to Q1. These contracts, primarily in the food processing sector, have led to hiring expansions. Excel has obtained its General Contractor license in Washington, achieving licensing in 4 out of 8 target states, bolstering its operational footprint. Jeff Hail, COO, noted increased demand in the Northwest as COVID-19 restrictions ease, fostering diverse construction opportunities. The company focuses on synergistic innovation to enhance shareholder value.

Alpine 4 Holdings (OTCQB: ALPP) announced its subsidiary, Quality Circuit Assembly (QCA), is set to achieve record revenues exceeding $1.3M for March 2021. The company has secured $2M in contracts for April, indicating a solid second quarter ahead. First-quarter growth stemmed from stable orders from sectors like electric vehicles and robotics. QCA is expanding its customer base to include aviation, medical devices, and agriculture. The company projects significant growth over the next year.