Alpine 4 Technologies Ltd (OTCQB:ALPP), the owner of leading small market businesses, said on Wednesday that it expects to see its 2020 revenue jump by 19% to 24% despite the challenges posed by the coronavirus pandemic.
For the year 2020, the Phoenix, Arizona-based group, provided preliminary guidance of $33.5 million to $35 million in revenue, approximately 19% to 24% revenue expansion over 2019.
In a statement, Alpine 4 CEO Kent B. Wilson said: "With all that has occurred in 2020, Alpine 4 and our business model of DSF ( (Drivers, Stabilizer, Facilitators) really showed its strength.”
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He added: “The COVID impact on the business climate around the world was severe and many corporations did not survive. Yet through all that, we grew at an astounding rate of at least 19%. This is a testament to our employees and leadership team. Without them, this would not have been possible!"
Alpine 4 is a conglomerate that acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. The group’s focus is on how the adaptation of new technologies even in brick-and-mortar businesses can drive innovation. This unique perspective has culminated in the development of the company's Blockchain-enabled Enterprise Business Operating System called SPECTRUMebos.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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