Business
Perpetual Industries Continues Strong Growth in Second Quarter 2021
Perpetual Industries Continues Strong Growth in Second Quarter 2021.
About this update from Perpetual Industries Inc.
[{"type":"text","content":"\n AUBURN, Ind., Aug. 18, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Perpetual Industries Inc. (OTCMARKETS:PRPI) (“Perpetual” or the “Company”), an incubator for the development of new and innovative energy-efficient technologies and products, is pleased to announce the highlights of its financial and operating results for the second quarter ended June 30, 2021. Second Quarter 2021 Highlights for Six Months Ending June 30, 2021: Revenues of $2,678,361 recorded.Gross profits of $1,102,822 recorded.Cash recorded of $1,605,259, an increase of 172% over year ending December 2020.Total current assets recorded of $2,404,817, an increase of 272% over year ending December 2020.Cash flow increased to approximately $1,605,259, an increase of 505% over a 6-month period ending June 30, 2020. \"We are very pleased with our continued improving financial performance during the second quarter. The results again demonstrated our growing potential as we continue to leverage the strengths of our subsidiary and divisions,” said Brent Bedford, Perpetual’s chief executive officer. “We delivered increased growth for the second quarter in a row while making significant progress in the development of our blockchain and new AutoGrafic software divisions.” “Perpetual’s significant revenue growth was driven by the strong performance of our wholly owned subsidiary, Worldwide Auctioneers. In light of stronger than expected private vehicle sales and our other accelerating revenue streams, we are confident of continued growth as we head into the second half of 2021,” said Trip Thomas, Perpetual’s chief financial officer. Read Perpetual Industries’ Q2 2021 financial report here About Perpetual Industries Inc. Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries Inc. (OTCMARKETS: PRPI) is an incubator for the development of new and innovative energy-efficient technologies. Our mission is to “perpetuate industry” by bringing value-added technologies to market. At the Company’s core is a proprietary technology known as the XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy-efficient, environmentally responsible products. We are expanding our expertise and k...