Sugarmade Inc (OTCMKTS:SGMD) released with an outlook for the ongoing fourth quarter closing June 30 and provided comments on preliminary financial report for the March Quarter. Depending on prevailing revenue growth rates, the firm is predicting to post record revenue for the current quarter closing June 2017.
The projected surge in revenue is an outcome of the continued strong sales to the firm’s legacy client base and new order, including the firm’s storage and transport offerings. For the quarter closed March 2017, Sugarmade anticipates to report revenues of about $900,000, which is a jump of about 9% as compared to the same quarter, a year ago.
Jimmy Chan, who is the CEO of Sugarmade, mentioned that they are extremely pleased with revenue growth so far in this year. The latest transport offerings are receiving strong interest, permitting them to grow their factory orders with sell by gaining strength. Sugarmade wants to make an official product release update for Sriracha Stix, which is condensed Huy Fong Sriracha Sauce along with other flavors formulated in the form of a stick.
The company anticipates to commence marketing of the latest offering soon. Sugarmade is predicting robust revenues from the Sriracha Stix, as response from customers has been phenomenal. Also, the company has marked a place in the list of leading product and brand marketing entities that looks to invest in offerings and brands having disruptive prospects. It is an official licensee of Irwindale, Huy Fong Foods, Inc. The firm’s other brands constitute Sugarmade Tree Free Paper, CarryOutSupplies.com and the FreeHand™ ThumbTray™.
More recently, the company closed a long-term distribution contract with Wagner Bartosch for its ad reinforced displays for desserts and frozen yogurt. Following the contract terms, the firm will take commercialization, manufacturing and supply rights for its items along with revenue period.
This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.