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Blue Line Protection Group Inc. (BLPG) reports significant financial growth in 2023, with a 13% revenue increase, $762,713 operating income, and $1.4 billion in cash pickups. The company saw over 1000% growth in revenue in New Mexico and maintains a strong presence in Arizona. Colorado and Nevada markets remain stable with consistent growth.
Blue Line Protection Group Inc. (BLPG) riporta una significativa crescita finanziaria nel 2023, con un aumento del fatturato del 13%, un reddito operativo di 762.713 dollari e raccolta di contanti per 1,4 miliardi di dollari. La compagnia ha registrato una crescita del fatturato superiore al 1000% nel Nuovo Messico e mantiene una forte presenza in Arizona. I mercati del Colorado e del Nevada rimangono stabili con una crescita costante.
Blue Line Protection Group Inc. (BLPG) informa de un significativo crecimiento financiero en 2023, con un aumento de ingresos del 13%, un ingreso operativo de $762,713 y $1.4 mil millones en recolección de efectivo. La empresa experimentó un crecimiento en ingresos de más del 1000% en Nuevo México y mantiene una fuerte presencia en Arizona. Los mercados de Colorado y Nevada se mantienen estables con un crecimiento constante.
블루 라인 프로텍션 그룹(Blue Line Protection Group Inc., BLPG)은 2023년에 매출이 13% 증가하고 운영 수익이 762,713달러, 현금 수집이 14억 달러에 달하는 등 중요한 재정 성장을 보고합니다. 이 회사는 뉴 멕시코에서 수익이 1000% 이상 증가하였으며 애리조나에서도 강력한 입지를 유지하고 있습니다. 콜로라도와 네바다 시장은 안정적으로 지속적인 성장을 보이고 있습니다.
Blue Line Protection Group Inc. (BLPG) rapporte une croissance financière significative en 2023, avec une augmentation de 13% des revenus, un résultat opérationnel de 762 713 dollars, et 1,4 milliard de dollars en collectes de liquidités. La société a connu une croissance des revenus de plus de 1000% au Nouveau-Mexique et maintient une présence forte en Arizona. Les marchés du Colorado et du Nevada restent stables avec une croissance constante.
Blue Line Protection Group Inc. (BLPG) meldet für 2023 ein signifikantes finanzielles Wachstum mit einem Umsatzanstieg von 13%, einem Betriebsergebnis von 762.713 Dollar und 1,4 Milliarden Dollar in Bargeldabholungen. Das Unternehmen verzeichnete in New Mexico ein Umsatzwachstum von über 1000% und behält eine starke Präsenz in Arizona. Die Märkte in Colorado und Nevada bleiben stabil mit stetigem Wachstum.
Positive
Revenue increased by 13% in 2023.
Operating income reached $762,713.
Total assets grew by $478,493.
Shareholders deficit reduced by $518,470.
Over $1.4 billion in cash pickups processed in 2023.
New Mexico revenue grew by over 1000%.
Arizona branch continues to produce strong revenue numbers.
Colorado and Nevada markets remain stable and growing.
Company leads in service and safety reputation.
Anticipated increase in cash pickups for 2024.
Negative
None.
Denver, CO, April 24, 2024 (GLOBE NEWSWIRE) -- Blue Line Protection Group Inc. (OTCQB: BLPG) is pleased to summarize the 2023 financial results. 2023 was a profitable year for the Company, as shown in our 10K filing. Revenue grew by 13% respectively, and operating income rose to an impressive $762,713. Total assets grew by $478,493 and shareholders deficit was reduced by $518,470. Additionally, the Company processed over $1,400,000,000 in cash pickups throughout 2023, with that number anticipated to increase in 2024.
As our presence and reputation has become more established in the State of New Mexico, our clientele has continued to grow, with new banks and clients being onboarded weekly. Compared to the prior year, 2023 saw over a 1000% growth in revenue in this market.
Our Arizona branch continues to produce strong revenue numbers, as the medical and recreational shops in the industry post impressive sales numbers. Being an industry leader in the State of Arizona, the Company transports over 70% of all the legal cannabis sales for deposit verification and transportation to the Federal Reserve Bank.
Colorado and Nevada continue to produce as mature markets, and have seen the industry consolidate. The Company continues to lead with a superior service and safety reputation, and therefore continues to grow, onboarding clients monthly.
For questions or more information contact: Dan Allen Blue Line Protection Group, Inc. (800)844-5576
FAQ
What was Blue Line Protection Group Inc.'s (BLPG) revenue growth in 2023?
Revenue grew by 13% in 2023.
What was the operating income for Blue Line Protection Group Inc. in 2023?
The operating income was $762,713.
How much did Blue Line Protection Group Inc.'s total assets grow by in 2023?
Total assets grew by $478,493.
What was the reduction in shareholders deficit for Blue Line Protection Group Inc. in 2023?
Shareholders deficit was reduced by $518,470.
How much cash did Blue Line Protection Group Inc. process in pickups in 2023?
The company processed over $1.4 billion in cash pickups in 2023.
In which state did Blue Line Protection Group Inc. see over 1000% revenue growth in 2023?
The company saw over 1000% revenue growth in New Mexico in 2023.
What percentage of legal cannabis sales does Blue Line Protection Group Inc. transport in Arizona?
The company transports over 70% of all legal cannabis sales for deposit verification and transportation to the Federal Reserve Bank in Arizona.
Which markets are considered mature markets by Blue Line Protection Group Inc.?
Colorado and Nevada markets are considered mature markets by the company.
What is Blue Line Protection Group Inc.'s primary focus in terms of service and reputation?
The company leads in service and safety reputation.
What is the outlook for Blue Line Protection Group Inc.'s cash pickups in 2024?
The company anticipates an increase in cash pickups for 2024.
