Alliance Creative Group (ACGX) Reports Revenue of $3,141,023 for Fourth Quarter of 2021 with Annual Revenue for 2021 being $11,065,770
Rhea-AI Summary
Alliance Creative Group, Inc. (ACGX) announced its Q4 2021 results, reporting revenues of $3,141,023 and gross profits of $696,793. Despite these figures, the company recorded a net loss of $(42,537) for the quarter. For the full year, revenues totaled $11,065,770 with net income of $250,945. As of December 31, 2021, total assets were $4,083,533 and total stockholder equity was $1,528,824. CEO Steve St. Louis expressed optimism about growth in kitting and fulfillment services for 2022 and 2023.
Positive
- Q4 2021 revenues of $3,141,023 represent growth from the previous year.
- For 2021, total revenues reached $11,065,770, indicating a strong annual performance.
- Gross profits increased to $696,793 for Q4 2021 compared to previous quarters.
Negative
- Q4 2021 net loss of $(42,537) raises concerns about profitability.
- Ending cash on hand was just $31,291, suggesting liquidity issues.
News Market Reaction
On the day this news was published, ACGX gained 29.35%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
CHICAGO, Ill., April 1, 2022 /PRNewswire/ -- InvestorsHub NewsWire -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol OTC: ACGX) is pleased to announce the results of Operations for the Three Months Ending December 31, 2021.
Revenues for the quarter ending December 31, 2021 ("Q4 2021") were
Gross Profits for the quarter ending December 31, 2021 ("Q4 2021") were
Net Income for the quarter ending December 31, 2021 ("Q4 2021") were
The total assets on the Balance Sheet for the Alliance Creative Group as of 12/31/21 were
The total outstanding common shares as of December 31, 2021 ("Q4 2021") were 2,014,611 with 1,423,971 of those shares in the float.
The Company ended the quarter and year with
Total Stockholder Equity as of 12/31/21 was
Annual financials were:
2021 Revenues:
2021 Gross Profits:
2021 Net Income:
The full financial statement, balance sheet, statement of operations, cash flow statement, and disclosure statements are posted on the OTC Market Company website at www.OTCmarkets.com under the stock symbol ACGX in the section for filings and disclosure and on www.ACGX,us in the investor relations section.
Steve St. Louis, CEO of the Alliance Creative Group, Inc., said, "We finished 2021 strong with another good quarter and improved all our key financial numbers compared to 2020. 2022 has started off well and I believe it will be another positive year. Our team has done a great job expanding our kitting and fulfillment services and I believe we will significantly increase that vertical of the business in 2022 and 2023. We are continuing to evaluate all growth opportunities and are looking at all big picture long term opportunities and will update the public if and when anything changes."
About Alliance Creative Group, Inc.
Alliance Creative Group, Inc. (Stock Symbol: ACGX) is a Packaging Solutions Company focused on Retail Packaging and Packaging Management. ACG helps its clients from initial concept and packaging development through final production and managed inventory solutions.The core business has been around since 1997. ACG currently focuses mostly on providing solutions for flexible and clear packaging, folding cartons, vendor managed inventory supply chain services and fulfillment. Additional services include but are not limited to corrugated boxes, commercial printing, labels, and other products and services related to the printing or packaging of consumer products. ACG's team includes experts to provide high-quality packaging and printed products. The ACG experience includes very hands-on operational support out of 6 different warehouse locations and several national and international manufacturing partners. ACG provides customer support during the entire product process or cycle including but not limied to creating, warehousing, delivering, and replenishing their packaging products For more information, visit www.AllianceCreativeGroup.com or www.ACGX.us.
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This news release contains forward-looking statements as defined by the bespeaks-caution doctrine. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Investor Relations and Media Contact
1-847-885-1800
Info@ACGemail.com
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SOURCE Alliance Creative Group, Inc.
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