Cryptyde, Inc. Projects FY 2023 Revenue of $60 Million
SAFETY HARBOR, Florida, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Cryptyde, Inc. (NASDAQ: TYDE) is pleased to announce its financial guidance for fiscal year 2023 of revenue of
"We are very excited about the potential for growth in the coming year," said CEO Brian McFadden. "Our focus on identifying revenue-producing opportunities is beginning to show results and we believe that by continuing to execute on our strategy, we will be well-positioned for success in 2023 and beyond."
Cryptyde's growth strategy includes recognizing and prioritizing revenue-producing business opportunities and expansions, developing a strategy for efficiently acquiring capital, launching new software as a service product and evaluating potential acquisition targets. The company is committed to continuously monitoring market conditions and adjusting its strategy as needed to remain competitive and well-positioned for growth.
"Cryptyde is proud to announce projected revenue of
The projected revenue assumes the expected continuation in 2023 of Q4 2022 revenue production by Forever 8 and the ability of Cryptyde to raise additional capital in the future of at least
About Cryptyde
Cryptyde, Inc. (Nasdaq: TYDE) is focused on driving growth through the acquisition and management of technology. With subsidiaries like Forever 8, providing cash flow management platform and inventory solutions for e-commerce sellers, and Ferguson Containers, a provider of complete manufacturing and logistical solutions for product and packaging needs, Cryptyde is committed to identifying and acquiring businesses with untapped potential and developing strategies to scale them to new heights. Through focused execution and a commitment to innovation, Cryptyde aims to drive significant growth and value creation for its portfolio companies and shareholders. For additional information, please visit http://www.cryptyde.com/
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking, including, but not limited to, the statements regarding Forever 8’s and Ferguson Containers’ potential future performance. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the potential that the expected benefits of Cryptyde’s acquisition of Forever 8 are not achieved; Forever 8’s inability to continue the results from the fourth quarter of 2022; Cryptyde’s inability to raise additional capital of at least
For further information, please contact:
Investor Relations
Richard Brown
617-819-1289
investors@cryptyde.com