Ault AllianceAult Alliance Reports Q1 Preliminary Revenue of $36M
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance, Inc. (NYSE:AULT) reported a preliminary Q1 2024 revenue of $36M, marking the highest first quarter revenue in the company's history. This figure excludes $3M from its AGREE hotel properties, which were initially considered for sale but will now be reclassified into continuing operations.
April 29, 2024 | 10:33 am
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Ault Alliance reports record Q1 2024 revenue of $36M, excluding $3M from AGREE hotels, which will now remain part of continuing operations.
The announcement of record preliminary revenue for Q1 2024 is a positive signal for investors, indicating strong performance and potential growth. The decision to halt the sale of AGREE hotel properties and reclassify them as continuing operations may also be viewed positively, as it suggests the company sees long-term value in these assets. Both factors are likely to contribute to a positive short-term impact on AULT's stock price.
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