Ault Alliance Sees 1.5% Increase, Sets 2024 Revenue Target at $230M-$240M

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The Ault Alliance ($NYSEAM:AULT) recently released news of a 1.5% increase in their revenue, setting a target of between $230 million and $240 million by the year 2024. Ault Alliance is a multinational conglomerate leading the way in innovative technologies and services, with a focus on sustainable development. The company is dedicated to helping people and businesses alike reach their highest potential through reliable and expansive solutions. Ault Alliance is also committed to investing in the future. The company has established itself as a leader in green energy, providing cutting-edge solutions that are both cost effective and socially responsible.

In addition, the company has invested heavily in research and development initiatives to ensure they remain at the forefront of their industry. The Ault Alliance has made great strides in recent years, achieving success in areas such as renewable energy, artificial intelligence, and blockchain technology. With this increased growth and revenue, the company is well-positioned to meet its new revenue goal of between $230 million and $240 million by 2024. The Ault Alliance’s strategy of investing in innovative technologies and services is paying off, with their 1.5% increase in revenue setting an ambitious yet achievable goal for the company’s future. With this growth, Ault Alliance is well-positioned to continue being a leader in their industry for years to come.

Earnings

AULT ALLIANCE released its earning report for FY2023 Q3 ending September 30 2021, revealing a 1.5% increase in total revenue and a net income loss of 30.79M USD. Compared to previous year, there was a sharp 161.9% decrease in total revenue. Despite the significant loss, the company has managed to increase its total revenue over the last 3 years from -30.79M USD to 47.96M USD. In light of this, AULT ALLIANCE has set a 2024 revenue target of between $230M – $240M.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ault Alliance. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ault Alliance. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ault Alliance. More…

Key Ratios Snapshot

Some of the financial key ratios for Ault Alliance are shown below. More…

Analysis

GoodWhale has analyzed the fundamentals of AULT ALLIANCE and we have classified them as a ‘cheetah’ – indicating a company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. AULT ALLIANCE is strong in growth, medium in asset, profitability and weak in dividend. It also has a low health score of 1/10 with regard to its cashflows and debt, and is less likely to sustain future operations in times of crisis. As such, we believe that investors who value growth more than stability, and are willing to take on the risk of lower profitability and cashflows, would be interested in AULT ALLIANCE. These investors may include venture capitalists or private equity firms. More…

Peers

The competition between Ault Alliance Inc and its competitors, Data Patterns (India) Ltd, Kaman Corp, and Bharat Electronics Ltd, is fierce. All four companies are striving to be the top player in the market, pushing each other to innovate and create better and more cost-effective products. With a wide range of products and services available, the competition is sure to heat up as each company seeks to outdo the others in quality and customer satisfaction.

– Data Patterns (India) Ltd ($BSE:543428)

Data Patterns (India) Ltd is an Indian engineering services firm that provides product design and development, prototyping, and testing services. The company has a market capitalization of 75.48 billion as of 2023, making it one of the most valuable companies in India. In addition, the company has a strong Return on Equity of 19.64%, which showcases the high return on investment that the company generates for its shareholders. Data Patterns also offers enterprise software solutions, embedded system solutions, and advanced engineering services to its clients.

– Kaman Corp ($NYSE:KAMN)

Kaman Corp is a diversified industrial company that operates in aerospace, distribution, and industrial markets. As of 2023, Kaman Corp has a market capitalization of 676.66M. This reflects the value of the company’s stock, which is based on the company’s performance. In addition, Kaman Corp has a Return on Equity of 3.13%, indicating that the company is generating profits relative to the amount of shareholders’ equity. This makes Kaman Corp an attractive investment option for investors seeking growth potential.

– Bharat Electronics Ltd ($BSE:500049)

Bharat Electronics Ltd is an Indian state-owned aerospace and defence company headquartered in Bengaluru, India. The company specializes in the design and manufacture of advanced electronic products for the Indian Armed Forces. As of 2023, the company has a market capitalization of 700.28 billion and a return on equity of 17.83%. This indicates that the company has sustained strong performance over time, as reflected by its relatively high market cap and good returns on equity. The company’s long history of providing quality products to the Indian Armed Forces has also contributed to its success.

Summary

Ault Alliance, a company known for its consumer products, saw its stock price increase by 1.5% after announcing it expects to reach between $230M and $240M in revenue by 2024. This information is positive news for investors looking to make long-term investments in the company. The increase in revenue could be reflective of increased consumer demand, better product pricing, or a combination of both.

Furthermore, future projections of revenue growth may also be a sign that the company is expanding its market share. Investors should thoroughly review Ault Alliance’s financials and understand their competitive landscape before making any long-term investments.