Perpetual Industries (OTC: PRPI), a diversified researcher and developer of energy-efficient technologies and auctioneers of classic collector vehicles, today announced the results of its audited annual financial report for year ending Dec. 31, 2021. Among 2021 highlights, the company reported gross revenues of $8,445,394 and gross pross profits of $3,323,399 in 2021, compared to $0 in 2020. “We are very pleased to have delivered strong financial performance in 2021,” Perpetual’s Chief Financial Officer Trip Thomas said in the press release. “The increase in revenue that we saw in 2021 over last fiscal year 2020 is monumental for the company. We invested in capital equipment, which helps scale our highest-priority division while reducing overall current liabilities. By removing the noncash expense of stock-based compensation that was recorded in 2021, you would find our net operating income to be substantially higher, around $190,000.”
To view the full press release, visit https://ibn.fm/EowZ4
About Perpetual Industries Inc.
Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries is an incubator for the development of new and innovative energy-efficient technologies. The company’s mission is to “perpetuate industry” by bringing value-added technologies to market. At the company’s core is a proprietary XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy-efficient, environmentally responsible products. The company is expanding its expertise and knowledge of energy-efficient technology by developing low-cost, green energy-powered solutions for a variety of industries, including renewable energy, blockchain mining, artificial intelligence, graphic rendering, internet of things (“IoT”) and cloud computing, while continuing its research, development and commercialization of the XYO Technology in key applications. For more information about Perpetual and its divisions, please visit www.PerpetualIndustries.com.
NOTE TO INVESTORS: The latest news and updates relating to PRPI are available in the company’s newsroom at https://ibn.fm/PRPI
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.investorwire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.