HIRU CORP - HIRU STOCK NEWS

Hiru Corporation (HIRU) announced a significant multi-million-dollar co-packing agreement with VOSS Water on March 24, 2023. This partnership will focus on VOSS's operations in the Western United States, utilizing Hiru's manufacturing facilities in Glendale, Arizona, and Denman, California. The agreement covers various bottle types, including cylindrical glass, aluminum, and PET for still and sparkling water. According to CEO Kathryn Gavin, this collaboration is set to enhance revenue and is seen as a natural progression in meeting high demand from large clients. The company also emphasizes its growing manufacturing capabilities in servicing national brands.

Hiru Corporation reported a significant financial performance for the fiscal year ending December 31, 2022. For Q4 2022, the company generated gross revenues of $5,901,152, a 604% increase from Q4 2021's $876,544, with net income soaring 374% to $873,106. For the full year 2022, revenues reached $13,717,447 with net income of $4,463,211, exceeding projections of $12,500,000 by $1,217,447. The company's profit margin stands at a healthy 32.5%. Looking forward, Hiru expects to achieve revenue between $30,000,000 and $40,000,000 for 2023.

Hiru Corporation (OTC Markets: HIRU) reported robust financial results for the 3rd quarter of 2022, achieving gross revenues of $3,128,424 USD and net income of $1,251,370 USD, marking an 11.1% increase in revenue compared to the 2nd quarter. For the first nine months, total revenues reached $7,816,295 USD with a 45.91% profit margin. The company forecasts gross revenues of $40,000,000 USD for 2023. Additionally, a PCAOB qualified auditor will be engaged to prepare audited financial statements for the fiscal year ending December 31, 2022.

Hiru Corporation (OTC Markets: HIRU) has successfully begun production and shipping from its new Roseville, California manufacturing facility as of October 24, 2022. The facility will supply major clients, including Walmart, Kroger's, and Albertson's. The company is also enhancing production capabilities with upgrades to additional bottling lines aimed at fulfilling orders for CVS and Walgreens. Hiru anticipates a significant increase in revenue from these retail partnerships, underlining its commitment to meeting operational targets and expanding its manufacturing reach.

Hiru Corporation (OTC Markets: HIRU) has acquired a water bottling plant in Roseville, California, valued at approximately $7M. This facility spans 133,000 square feet and contains four automated bottling lines, with two already operational. All lines are expected to be fully operational by December 31, 2022. The acquisition aims to enhance production capabilities for Hiru's major clients, including Alkaline 88, potentially increasing revenue beyond the projected $30M for 2023. The CEO emphasized the strategic importance of this purchase for future growth.