The Numbers Show That For The 10 Months Ending 12/31/21, Revenue Exceeded $6.8 Million, While Pre-Tax Income Exceeded $1.2 Million.
FARMINGTON, AR / ACCESSWIRE / April 11, 2022 / SPO Networks, Inc. (OTC PINK:SPOI) ("SPOI" or the "Company"), a publicly-traded company that is actively exploring potential acquisitions and opportunities in diversified industries, including an established revenue generating waste/recycling subsidiary will plans to launch a medical and recreational cannabis and genetic seed operations entity with the expectation of rapid expansion in the cannabis industry utilizing a proprietary vertical market from cultivation facilities, to wholesale and retail dispensaries, released its Fourth Quarter 2021 financials on March 3, 2022.
The Company on November 16, 2021 previously released that it had timely filed its Quarterly Report for the Third Quarter of 2021. That release showed that the Company's Pretax Income From Operations Of $2.2 Million+ During Third Quarter 2021 and that The Pretax Income Through Seven Months Ended September 30, 2021, Was $4.9+ Million.
Today's release revealed that, SPOI Q4 revenue was over $1.9 million with pre-tax income of $139,642. For the 10 months ending 12/31/21, revenue exceeded $6.8 million, while pre-tax income exceeded $1.2 million.
Tom Smith CEO of SPO Networks Inc. said: "These numbers show that we are heading in the right direction and that the Company's revenues will continue to grow during 2022. We also expect the "Yield" sign to removed shortly."
SPO Networks, Inc.
SPO Networks, Inc. is actively exploring potential acquisitions and opportunities in diversified industries, including solid waste, scrap metal recycling and demolition with special waste remediation. Additionally, SPO maintains the belief that patients and customers have a right to high quality, economical, and clinically-validated cannabis products. Towards this, SPO aims at medical and recreational cannabis and genetic seed operations with the expectation of rapid expansion in the cannabis industry. SPO is developing its cultivation facilities for extraction operations, wholesaling of cannabis and cannabis extracts in Colorado to licensed retailers and wholesalers. Eventually, the goal is to expand to retail product manufacturing and dispensary operations in several states, allowing SPO to offer a pricing strategy that will be attractive to consumers large and small.
For more information, please go to: https://www.spoinow.com
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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SOURCE: SPO Networks, Inc