Alpine 4 Technologies Ltd (OTCQB:ALPP), which owns and operates small market businesses, announced Friday that its subsidiary Quality Circuit Assembly (QCA) is expected to report third quarter revenue between $2.8 million and $3 million — its strongest quarter yet.
The company attributes the anticipated increase to the addition of new technology customers who have been able to help counteract the effect the coronavirus pandemic has had on some of QCA’s longtime customer base.
If correct, that revenue would represent a 35% increase over both the first and second quarter.
“Our MIDK (Maintain, Invest, Divest, Kill) list developed with our leadership team at QCA in early April is showing signs of bearing large fruit,” CEO Kent Wilson said in a statement. “I am very pleased with our sales and production teams for their part in implementing this quickly and effectively.”
Alpine 4 Technologies, based in Phoenix, Arizona, is acquiring businesses that fit into its disruptive DSF business model of drivers, stabilizers and facilitators.
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-- Updated to correct company location --