ALYI Electric Motorcycle Production On Track To Reach $2 Million Revenue By Year End 2021 And $10 Million In 2022
Alternet Systems, Inc. (OTC Pink: ALYI) announced that its electric motorcycle production is on track to meet a revenue target of $2 million by year-end 2021 and aims for $10 million in 2022.
Sentiment and the balance of points
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Rhea-AI Summary
Alternet Systems, Inc. (OTC Pink: ALYI) announced that its electric motorcycle production is on track to meet a revenue target of $2 million by year-end 2021 and aims for $10 million in 2022. The company will provide more details on its revenue plans during a presentation scheduled for December 2, which will include an ambitious stretch target of $50 million for 2022. However, the release includes forward-looking statements that involve risks, such as competition and contract performance uncertainties.
Positive
- On track to reach $2 million revenue by year-end 2021.
- Confirmed initial revenue target of $10 million for 2022.
- Stretch revenue target of $50 million for 2022.
Negative
- Risks include competition with greater financial resources.
- Uncertainties around meeting schedule and performance requirements.
Details
News Market Reaction – ALYI
The recorded move for ALYI in the trading session of this news was +1.25%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Dallas, Texas, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced the company’s electric motorcycle production to support fulfillment of electric motorcycles for the motorcycle taxi market in East Africa is on track to support the company’s
Management will present the revenue target plans in more detail later this week, on Thursday, December 2nd. The presentation will include an overview of ALYI’s stretch revenue target of
For more information and to stay up to date on ALYI's overall latest developments, please visit www.alternetsystemsinc.com.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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