Ault Alliance Posts Record $134M in 2022 Revenue, Up 156% Y/Y

Summary

  • Ault Alliance announced preliminary unaudited revenue for the fourth quarter of 2022 of $34.4 million, an increase of 340% from the prior fourth fiscal quarter.
  • For the year ended December 31, 2022 Ault Alliance recorded a record $134.2 million in revenue, up 156% from the previous year.
  • Revenue was generated across all business segments including Giga-tronics Inc., TurnOnGreen, Ault Lending LLC, The Singing Machine Company, BitNile cryptocurrency mining and multiple real estate investments.

Ault Alliance Announces Record Preliminary 2022 Revenue

Ault Alliance Inc. (NYSE American: AULT) announced preliminary unaudited revenue for the three months and year ended December 31, 2022. For the three months ended December 31, 2022 revenues increased by $26.6 million or 340%, to $34.4 million from $7.8 million for the same period in 2021. Year-over-year, revenues grew by $81.8 million or 156%, reaching a record high of $134.2 million compared to $52.4 million for the prior year period ending December 31st 2021.

Giga-tronics Inc.

The Giga-tronics business segment generated revenue of 8800000 USD during the 3rd quarter and 30300000 USD for full year ending December 2021; an increase of 817000 USD over last Quarter and 4719000 USD over previous year’s figure respectively.

TurnOnGreen

The TurnOnGreen segment reported 1700000 USD in revenue during 3rd quarter with 5500000USD in full year revenues; which is 662000USD more than 3Q21 figures and 154000USD more than FY2021 numbers respectively.

Ault Lending LLCThe Singing Machine Company The Singing Machine Company reported 7 100 000USD in 3Q22 sales with 24 200 000 USC in yearly sales; representing a massive leap since this time last year when it had no sales whatsoever .

< h 2 >BitNile Cryptocurrency Mining BitNile ‘ s cryptocurrency mining operations brought 5 300 000 USD to Ault Alliance’ s coffers during 3 rd Quarters , rising to 16 700 000 USC throughout entire calendar years – that ‘ s an extra 275700 usd over Q3 21 records , & 13 250000 usd above FY20 ratios .