Business
The Sustainable Green Team, LTD. Reports $35.5m in Revenue and $120.3m in Assets for its Fiscal 2022 Audited YE and Announces its First Annual Shareholder Meeting
The Sustainable Green Team, LTD. Reports $35.5m in Revenue and $120.3m in Assets for its Fiscal 2022 Audited YE and Announces its First Annual Shareholder Meeting.
About this update from Sustainable Green Team, Ltd.
[{"type":"text","content":"\n Orlando, FL, April 18, 2023 (GLOBE NEWSWIRE) -- The Sustainable Green Team, LTD. (OTCQX: SGTM) (“SGTM” or the “Company”), a provider of environmentally conscious solutions in the arbor care, disposal, and recycling industries reports audited fiscal 2022 year end results (fiscal year ended December 31, 2022) and announces its first Annual Shareholder Meeting, to be held May 12, 2023, 9:00am Eastern Time. Audited Fiscal 2022 Year End Results: SGTM’s Net Revenue for the 2022 fiscal year end was $35,513,231, an increase of 11.24% in Net Revenue from $31,925,731 for the 2021 fiscal year end. SGTM’s Gross Profit for the 2022 fiscal year end was $8,000,152, an increase of 505.54% in Gross Profit from $1,321,166 for the 2021 fiscal year end. SGTM’s Net Income from operations for the 2022 fiscal year end was $8,901,214, an increase of 70.28% in Net Income from $5,227,362 for the 2021 fiscal year end. SGTM’s Assets for the 2022 fiscal year end were $120,365,084, an increase of 80.17% in Assets from $66,805,152 for the 2021 fiscal year end. SGTM’s Outstanding Shares for the 2022 fiscal year end was 74,631,743, a decrease of 17.5% from the Outstanding Shares of 90,460,425 for the 2021 fiscal year end. Click to view audited disclosures, financial statements and notes Annual Shareholder Meeting SGTM will host a virtual Annual Shareholder Meeting to discuss its 2022 fiscal year end results, including 2022 highlights, and its upcoming 2023 outlook at 9:00am Eastern Time. To participate in the meeting please RSVP by clicking here. Tony Raynor, SGTM’s Chief Executive Officer commented, \"I am very proud of our team. Without them we wouldn’t be able to continue to grow our company year over year. I look forward to our first Annual Shareholder Meeting to discuss all that we have achieved during 2022, our plans for 2023, and talking to our loyal shareholders.” About The Sustainable Green Team, Ltd. The Company is a wholesale manufacturer and national supplier of wood-based mulch, soil, including the soil amendment products: HumiSoil® and XLR8® and are lumber products. The Company sells directly to mass merchandisers, home centers, hardware stores, nurseries, garden centers, convenience stores, food stores, and wholesale distributors. The Company’s primary corp...