Apple Rush Co., Inc. (OTC:APRU) Stock On Watchlist: Here is Why
The functional beverage industry is currently one of the more sought-after industries for investors owing to its rapid growth, and one of the companies that could be worth tracking from the space is Apple Rush Co., Inc. (OTC:APRU). It is a leading player in that space, and on August 21, it announced its financial results for the second fiscal quarter.
The company noted that the performance in the first six months of the year was a function of stronger performance from the operating subsidiaries. The company operates in the form of a holding company focused on the nutraceutical and beverage industries. The performance was also a consequence of strong results in co-packing, product development, brewing, and botanical extraction.
The Chief Executive Officer of the company, Tony Torgerug, spoke about the development as well. He noted that the company had been able to achieve growth by way of acquisition initiatives that kicked off in 2022. The management had decided that it would be beneficial for all concerned parties to seek out those acquisitions, which could lead to fast profit and revenue growth. The initiative had taken two years to come to fruition, but the company made great efforts to overcome challenges and put in considerable effort to exploit an opportunity that had not been seen in many years.
The year-to-date revenues generated by Apple Rush Co. went up by a staggering 14,185% in comparison to 2023, and the revenues generated in the second fiscal quarter alone came in at $1,046,536. The CEO went on to add that the targeted results for the rest of the year could show unmatched numbers. He also stated that the management would continue to look for opportunities that were in line with the overall vision of Apple Rush Co. and deliver results.
