PERPETUAL INDS INC - PRPI STOCK NEWS

Perpetual Industries Inc. (PRPI) reported strong financial results for Q3 2022. Gross revenues rose by $1,158,578, a 31% increase year-over-year. Gross profits also grew, with a rise of $449,702 or 15%. Net income surged by $324,040, marking a significant 57% increase compared to Q3 2021. Cash reserves climbed to $1,816,744, reflecting a 73% increase since December 2021. Total current assets reached $12,120,837, up 5%.

Perpetual Industries Inc. (PRPI) reported significant growth in its audited financial results for 2021, highlighting gross revenues of $8,445,394 compared to $0 in 2020. The company achieved gross profits of $3,323,399 and operating income of $4,793, reversing an operating loss of ($838,810) from the previous year. Total assets surged by 1,198% to $11,514,967. The net loss decreased by 86% to ($127,015). Strategic acquisitions were made to enhance its blockchain division, and significant investments were directed toward expanding its cryptocurrency mining operations.

Perpetual Industries aims to raise $7 million through a Series A Preferred Share Offering, targeting accredited and institutional investors. The offering involves 140 shares priced at $50,000 each, under Regulation D, Rule 506(c). Proceeds will fund the company's expansion into the cryptocurrency mining sector at its 22,000-square-foot facility in Auburn, Indiana. This initiative is part of a broader strategy to leverage growth in the blockchain ecosystem, enhancing revenue and asset potential.

AUBURN, Ind., Nov. 18, 2021 – Perpetual Industries Inc. (OTCMARKETS: PRPI) announced its Q3 2021 financial results, showcasing significant growth. Gross revenues surged by $5,142,718, with gross profits increasing by $2,869,103 compared to the same period in 2020. The company reported a net income of $566,676, reflecting a remarkable 443% growth year-over-year. Cash and total current assets rose significantly, with cash at $3,471,679 (up 489%) and current assets at $3,553,323 (up 450%). The leadership highlighted the ongoing commitment to operational strategies aimed at sustainable, long-term value creation.

Perpetual Industries Inc. (OTCMARKETS:PRPI) has relocated to a new 22,000-square-foot corporate headquarters in Auburn, Indiana, aimed at enhancing its research and development capabilities and expanding its Bitcoin mining operations. CEO Brent Bedford highlighted the company's significant growth and the need for more space to leverage the blockchain ecosystem. The move follows two key acquisitions made less than a year prior, which have broadened the company's market presence and revenue streams.

Perpetual Industries Inc. (OTCMARKETS:PRPI) announces the live alpha beta launch of its AutoGrafic Software mobile app at the Worldwide Auctioneers’ auction in Auburn, Indiana, from Sept. 3-4 and at the Kannenberg Collection Auction from Sept. 10-11. The app offers various subscription plans for car enthusiasts, providing functions for collection management, social events, auctions, and more. The U.S. classic car market, valued at approximately $12.63 billion in 2020, is expected to grow to $15.52 billion by 2023, presenting a significant opportunity for Perpetual as it aims to attract a new generation of automotive enthusiasts.

Perpetual Industries Inc. (OTCMARKETS:PRPI) reported strong financial results for Q2 2021, highlighting revenues of $2,678,361 and gross profits of $1,102,822. Cash increased by 172% to $1,605,259, and total current assets rose by 272% to $2,404,817 compared to December 2020. The company attributes this growth to its subsidiary, Worldwide Auctioneers, and anticipates continued growth driven by private vehicle sales and other revenue streams. CEO Brent Bedford emphasized the company's improved financial performance and progress in blockchain and AutoGrafic software divisions.

Perpetual Industries (OTC PINK:PRPI) announced the resignation of Carl Dilley from the Board of Directors and as Chief Operations Officer (COO) effective immediately. Dilley, who has been part of the company since 2015 and COO since 2019, will focus on other personal and professional duties. The Board expressed gratitude for his significant contributions during his tenure. CEO Brent Bedford acknowledged Dilley's role in asset acquisition and operational expansion, expressing confidence in the company's future success.

Perpetual Industries (OTCMARKETS: PRPI) announced its subsidiary Worldwide Auctioneers will host the Denny 'Kannonball' Kannenberg Collection Auction on September 10-11, 2021, in Auburn, Indiana. This no-reserve auction features 165 motorcycles, collectible vehicles, and memorabilia from the legendary flat track racer. Highlights include rare bikes like the 1942 Indian Four and the 1969 Kawasaki 500 III. The event will cater to a global audience of collectors and enthusiasts, offering multiple bidding options.