Reliant Holdings Inc (OTCMKTS:RELT) Stock In Focus After Recent Developments
There are currently many companies that are growing at an impressive pace but may not have as much traction among investors and one of those is Reliant Holdings Inc (OTCMKTS:RELT). At this point, it may be necessary for investors to take a closer look at the company and its business before making up their minds about the stock one way or another.
About The Company
The company had actually been established under the name Reliant Pools back in 2013 but it has since evolved into a publicly-traded company with the current name. Reliant Holdings is now the holding company for two units, Reliant Solar and Reliant Custom Homes. The company has noted that after having managed to grow its operations at a record pace over the years, it is expected to continue growing its revenues positively in 2022 as well.
Now that you have managed to get a fair idea about the nature of the company and its business, it may be time to look into some recent development with regards to Reliant Holdings.
Reliant Holdings Reports Another Exceptional Year
Last week, the company had come into focus after it reported its financial results for the 2021 fiscal year.
It was another exceptional year of growth for the company as it managed to bring in as much as $3.8 million in sales as part of the rewards for expanding its operations. On the other hand, the sales have continued to rise at a steady pace. The average cost of a pool has gone up from $154,006 to $165,865.
The company had noted last week that the pool industry had performed very strongly over the course of the past few months. It was also noted that the revenues posted by the company was proof that the higher-end housing market was also going strong. The company also announced last week that in 2022 it was going to focus diligently on its business model and bring about growth in the companies that it already owns.
In addition to that, Reliant Holdings is also expected to be on the lookout for more acquisitions in order to grow its portfolio of companies.
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