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Alliance Creative Group (ACGX) operates as a diversified holding company integrating SaaS platforms, consumer products, and real estate investments through its shared resource model. This page provides timely updates across all business segments, offering stakeholders a comprehensive view of corporate developments.
Access verified press releases and news articles covering strategic partnerships, technology innovations, and market expansions. Key focus areas include PeopleVine's hospitality SaaS solutions, Say Less Spritz beverage industry updates, and real estate project milestones.
Our curated news collection serves investors and analysts seeking to track ACGX's vertical integration strategy and cross-segment synergies. Content spans earnings announcements, leadership changes, product launches, and investment activities – all essential for understanding the company's risk-diversified approach.
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Alliance Creative Group (ACGX) reported Q4 2022 revenues of $3,399,008, with a gross profit of $817,182 and a net income of $17,535. For the full year, the company's total revenue reached $12,242,126, yielding an annual gross profit of $2,808,264 and net income of $93,170. As of December 31, 2022, total assets were $3,823,236, and total stockholder equity stood at $837,249. The company is transitioning its business model, focusing on building a vertically integrated portfolio while upgrading real estate assets. CEO Paul Sorkin emphasized ongoing negotiations and the importance of evaluating opportunities carefully.
Alliance Creative Group, Inc. (OTC: ACGX) reported a 11.1% increase in revenues for Q3 2022, totaling $3,014,840, compared to the same period in 2021. Gross profits reached $784,185, with a net income of $108,426. As of September 30, 2022, total assets stood at $3,957,989 and total stockholder equity was $1,610,299. The company ended the quarter with $27,690 cash on hand. CEO Steve St. Louis emphasized ongoing revenue growth and strategic focus on kitting and fulfillment services.
Alliance Creative Group, Inc. (OTC Pink: ACGX) reported a 13.5% increase in quarterly revenues for Q2 2022, totaling $2,974,489. However, the company faced challenges with an increase in cost of goods and reported a net income loss of $86,044. Total assets amounted to $4,099,779, with stockholder equity at $1,504,776. CEO Steve St. Louis noted that inflation is impacting operations but expressed optimism about future growth. The company is exploring acquisition opportunities but a previous potential deal has fallen through.
Alliance Creative Group, Inc. (OTC: ACGX) reported a 9.6% increase in quarterly revenues, totaling $2,865,404 for Q1 2022, compared to the previous year. Gross profits reached $632,021 with a net income of $75,529. As of March 31, 2022, total assets were $3,873,726 and stockholder equity stood at $1,596,843.
CEO Steve St. Louis expressed optimism regarding growth in kitting and fulfillment revenues, highlighting ongoing discussions to expand this segment of the business.
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.
Alliance Creative Group, Inc. (ACGX) announced Q3 2021 results, reporting revenues of $2,714,395 and a net income of $76,755. The gross profit stood at $622,602, while total assets reached $3,740,935. The company maintained $52,592 in cash and total stockholder equity was $1,576,118 as of September 30, 2021. CEO Steve St. Louis emphasized continued revenue growth and efforts to reduce liabilities despite ongoing supply chain adjustments.
Alliance Creative Group, Inc. (ACGX) reported a net income of $256,799 for Q1 2021, a significant increase thanks to PPP forgiveness. Revenues reached $2,613,997, with gross profits at $550,944. The total assets were $3,587,857, while total stockholder equity stood at $1,532,890. However, cash on hand was notably low at ($7,257). The company aims to continue its positive momentum.
Alliance Creative Group, Inc. (ACGX) reported Q4 2020 revenues of $2,456,200 and gross profits of $628,712, with a net income of $17,906. For the entire year 2020, revenues were $9,344,030, gross profits totaled $2,391,140, and net income reached $205,267. As of December 31, 2020, total assets amounted to $3,530,474, with total stockholder equity at $1,276,212. The company ended the year with $17,699 in cash. CEO Steve St. Louis expressed pride in maintaining revenues and increasing profits despite challenges in 2020.
Alliance Creative Group, Inc. (ACGX) announced its Q2 2020 financial results, reporting revenues of $2,103,920, gross profits of $532,486, and a net income of $15,576. As of June 30, 2020, the company had total assets of $4,176,569 and cash on hand of $197,887. Total stockholder equity stood at $1,698,499. CEO Steve St. Louis expressed confidence in the company's strong positioning despite challenges, citing efficiency improvements from a new office and warehouse. ACG focuses on retail packaging and has been operational since 1997.
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