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Titan NRG, Inc. (TTNN) Releases 2022 Quarterly Report With 84% Revenue Increase Over Same Quarter 2021
Titan NRG, Inc. (TTNN) Releases 2022 Quarterly Report With 84% Revenue Increase Over Same Quarter 2021.
About this update from Titan Nrg
[{"type":"text","content":"\n Tucson, Arizona, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Publicly traded Titan NRG, Inc. (OTC: TTNN) (\"Titan NRG\") operating as a downstream energy and transportation holding company through its wholly-owned subsidiaries, releases the first quarter report for fiscal year 2022. “So far, 2022’s first quarter is outpacing the first quarter of 2021 by a decent margin with our trucking sector boasting an 84% increase in revenues year over year. We’re still seeing more opportunities for continued organic growth due to tightness in the specialized trucking market.” said Alex Majalca Jr., Titan NRG’s President, and CEO. “We continue to invest time into finding more efficient practices and protocols. Much time and work is going into improving how we do business and how that business is recorded, especially regarding the synergies between the companies.” First Quarter Fiscal 2022 Highlights $1,808,254 in total revenue for Quarter 1$2,173,339 in Receipts from Customers$521,876 in gross profits$431,638 in Accounts Receivable$87,621 in Inventory as relates to gallons of Liquefied Petroleum Gas on hand$1,835,270 in original price capital assets(before depreciation and book value) 84% increase in revenue in trucking Titan NRG, Inc. also announces that Equiniti (Transfer Agent) has completed the cancellation of approximately 12,551,500 restricted common shares held by previous legacy shareholders and management.  “I’m very pleased that we were able to get this executed.  Our team at Hathaway and Kuntz has been instrumental in executing this plan, and I’m very hopeful that we’ll be able to tie up any loose ends by the end of the second quarter.” said Alex Majalca Jr., Titan NRG’s President, and CEO. Quarterly Report -Quarter ended June 30, 2022, can be seen on the OTC website https://www.otcmarkets.com/otcapi/company/financial-report/344014/content Q&A with CEO Alex Majalca Jr. and Secretary/Treasurer Henry Varga can be seen here. https://youtu.be/twSagRWpNGQ Contact: Alex R. Majalca Jr. President/Chief Executive OfficerTitan NRG, [email protected] About Titan NRG Inc.: Titan NRG is a holding company that operates as a downstream energy and transportation company through its wholly owned subsidiaries. NRG Dynamics currently has 25+ transports operating...