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The Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Roller Coaster Ride

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Shares of Alpine 4 Technologies Ltd (OTCMKTS:ALPP) continue to go absolutely nuts on the upside and downside, but mostly on the upside. We noted a bullish take on this one a few weeks back. Since that time, the stock has continued to vault higher as the market adjusts to a far more positive outlook expressed by the company.

The most recent information we have from the company comes in the form of its October 9 announcement that it expects to report for the period ending Q3 2019 sales of $6.9 million which is revenue growth of approximately 43% over Q3 2018. According to the release, Alpine 4 also is estimating for the first 9 months of 2019 that its revenue will exceed $20 million.

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) bills itself as a technology holding company that provides electronic contract manufacturing solutions in the United states.

It also offers automotive technologies, including 6th Sense Auto, a connected car technology that provides various advantages to management, sales, finance, and service departments in the automotive dealership industry to enhance productivity, profitability, and customer retention; and BrakeActive, a safety device that enhances vehicle’s third brake light’s ability to reduce or prevent a rear-end collision.

In addition, the company provides fabricated metal parts, assemblies, and sub-assemblies to original equipment manufacturers; and designs, fabricates, and installs dust collectors, commercial ductwork, kitchen hoods, industrial ventilation systems, machine guards, architectural work, water furnaces, and others, as well as specialized spiral duct work.

The company was formerly known as Alpine 4 Automotive Technologies Ltd. and changed its name to Alpine 4 Technologies Ltd. in June 2015. Alpine 4 Technologies Ltd. was founded in 2014 and is based in Phoenix, Arizona.

According to the release, “Alpine 4 Technologies, Ltd (ALPP) is a publicly traded conglomerate that is acquiring businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4 we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies even in brick and mortar businesses can drive innovation. We also believe that our holdings should benefit synergistically from each other and that the ability to have collaboration across varying industries can spawn new ideas and create fertile ground for competitive advantages. This unique perspective has culminated in the development of our Blockchain enabled Enterprise Business Operating System called SPECTRUMebos. Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards but also increase value for our shareholders.”

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As noted above, ALPP just announced it expects to report for the period ending Q3 2019 sales of $6.9 million which is revenue growth of approximately 43% over Q3 2018.

Kent B. Wilson, Alpine 4 CEO, had this to say: “Alpine 4 represents a unique opportunity for its investors and employees. We provide not only everyday services to some of America’s greatest companies, we also partner with leading-edge business leaders to help their companies bring the latest and greatest technologies to market. It is exciting to our subsidiaries, deliver meaningful and purposeful products and services to our customers, and it shows in our 2019 sales.”

Earning a current market cap value of $22.9M, ALPP has a bankroll ($160K) of cash on the books, which stands against about $21.1M in total current liabilities. One should also note that debt has been growing over recent quarters. ALPP is pulling in trailing 12-month revenues of $19.2M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 27.5%. We will update the story again soon as further details emerge. Sign-up for continuing coverage on shares of $ALPP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $ALPP, either long or short, and we have not been compensated for this article.

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