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NEXT10, INC. Phenomenal 2021 - $32 Million Gross Revenue

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Next10, Inc. (NXTN) announced impressive financial results for 2021, with gross revenue reaching $32 million and income before depreciation exceeding $7 million. The company projects a 25% revenue increase in 2022, targeting $40 million. UHC is finalizing 2019-2020 audited financials while the 2021 audit is underway, planning to file with the SEC to become a reporting issuer. New Kenworth T680 semi-tractors will soon arrive, and independent owner-operators are joining in increasing numbers, indicating strong growth potential.

Positive
  • 2021 gross revenue of $32 million.
  • Projected revenue increase of 25% in 2022 to $40 million.
  • Strong income before depreciation exceeding $7 million.
  • Completion of 2019-2020 audited financials.
  • New Kenworth T680 tractors ordered, indicating expansion.
Negative
  • None.

LAS VEGAS, Feb. 14, 2022 /PRNewswire/ -- Next10, Inc. dba Ultimate Holdings Corporation, (USOTC PINK: NXTN), ("UHC"), is excited to announce that UHC's subsidiary, Ultimate Logistics, LLC, had a phenomenal 2021: $32 million dollars in gross revenue. Income before Depreciation: $7+ million. The projected gross revenue for 2022 is $40 million, a 25% increase.  

UHC is also pleased to announce the 2019-2020 Audited Financials have been completed and the auditing of the 2021 Financials are in motion. Upon completion of the 2021 Audit, UHC plans to file a registered offering with the Securities and Exchange Commission to become a reporting issuer and to raise funds for their trucking operations. 

New 2023 Kenworth T680 Next Generation semi-tractors will start arriving soon. 36 new tractors have been ordered and will be delivered to UHC's Boise, ID facility during 2022.

Three new independent owner-operators joined The Ultimate Team in January. Two more independent owner-operators are joining The Ultimate Team in February. As new equipment arrives, more independent owner-operators will join UHC's program. UHC has a waiting list of independent owner-operators who want to join their superlative program.  

UHC is a unique, one-of-a-kind, one-stop-shop program for independent owner operators. The CFO of UHC States: "To the best of our knowledge, no one in the United States offers the type of program we do. We handle everything the independent owner-operator can possibly imagine, including their insurance, road and fuel tax filings, and FMCSA audits. He/she needs to be safe, deliver on time, and be professional. UHC handles the rest. We treat everyone on The Ultimate Team with the dignity and respect he/she deserves. We believe everyone who is a part of The Ultimate Team is a member of an amazing, growing, successful family. Our extraordinary concept is like no other. We turn truck driver's dreams into reality."

The grass is as green as it gets in the trucking industry at UHC.

CONTACT: info@ultimateholdingscorp.com

https://www.ultimateholdingscorp.com 

This Press Release does not constitute an offering of any securities for sale.

Safe Harbor Statement: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

 

Cision View original content:https://www.prnewswire.com/news-releases/next10-inc-phenomenal-2021---32-million-gross-revenue-301481646.html

SOURCE Next10, Inc.

FAQ

What were Next10, Inc.'s gross revenues in 2021?

Next10, Inc. reported gross revenues of $32 million in 2021.

What is the projected revenue for Next10, Inc. in 2022?

Next10, Inc. projects a revenue increase of 25%, targeting $40 million in 2022.

When will Next10, Inc. complete its 2021 audit?

The 2021 audit for Next10, Inc. is currently in progress.

How many new tractors did Next10, Inc. order?

Next10, Inc. has ordered 36 new Kenworth T680 semi-tractors.

What is the significance of independent owner-operators for Next10, Inc.?

Next10, Inc. is experiencing growth as new independent owner-operators are joining, indicating a robust business model.

NEXT10 INC

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Trucking
Industrials
United States of America
Placentia