It is quite likely that that AmeriCrew Inc (OTCMKTS:ACRU) stock may come on to the radars of investors this morning owing to latest developments and hence, it may be a good move to take a closer look at the company before the start of the last trading day of the week. The company had come into the news yesterday after it announced its monthly revenue figures for the month of June this year.
Market Action
On Thursday, ACRU stock ended flat at $1.19 with 700 shares, compared to its average volume of 324 million shares. The stock moved within a range of $1.1900 – 1.1900 after opening trade at $1.19.
AmeriCrew, Inc. Announces Another Record Revenue Month
In June 2022, AmeriCrew announced that it had managed to bring in revenues to the tune of as much as $1500000 and that proved to be a record figure in terms of monthly revenues figures. Kelley Dunne, who is the Chief Executive Officer of the company, also spoke about the latest performance from AmeriCrew. She noted that that continued rise in the revenues of the company was an indication of the fact that the growth plan that had been in put in place was bearing fruits.
She went on to add that the personnel who work at the company have put in a lot of hard work on a daily basis in order to make the whole thing a considerable success across the range of verticals. However, that is not all. Dunne added that the company’s management team was also focused on reducing costs substantially so as to make sure that the cash flow improves and profitability is boosted in the long run. In light of such an announcement, it is quite likely that the AmeriCrew stock is going to come into focus among investors in a big way over the course of the coming days. It is also going to be quite interesting to see if the stock gets any action today in light of the strong revenue performance in the month of June.
However, in this regard, it is also necessary to point out that AmeriCrew has been performing strongly in terms of revenue performance for quite a while. Last month it had been announced that the company had managed to bring in record revenues for the month of May as well. Considering the fact that it managed to better its performance in the following month, it could be said that AmeriCrew has become a company that is consistent with its performances and could well be the right path from which it could be successful in the long run.
Over the course of the month of May, the company managed to bring in revenues to the tune of as much as $1300000 and that was the first time that the company had hit such a figure. At the time, Dunne had noted that the multiple year contract that the company had in place with Mainstream Fiber had been the major reason behind the growth in revenues. The Fiber Division at AmeriCrew had been the major contributor towards the growth in that particular instance. It may be a good idea to keep an eye out for the price action in the stock today.
Key Quote
“As we continue to build on our monthly revenue and performance, it is very exciting to see our growth plan develop”, said CEO, Kelley Dunne. “Our team is extremely dedicated and works day in and day out to contribute to the success of each of the Company’s verticals. The team is also focused on reducing costs to increase cash flow aiming to achieve and maximize profitability.”
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