ACCESSWIRE
04 Aug 2022, 22:37 GMT+10
NEW YORK, NY / ACCESSWIRE / August 4, 2022 / New America Energy Corp. (OTC PINK:NECA), and it's operating subsidiary, Third Bench Holdings, LLC ('Third Bench' or the 'Company'), recently posted financial results for the period ended May 31, 2022.
The Company continues to experience very strong growth in both revenue and gross profit. A few highlights from the financials include:
Gross revenue compared with the corresponding nine-month period in 2021 grew by almost 40%, from just over $10.6 million in 2021 to just under $14.8 million in 2022.
Gross profit compared with the corresponding quarter from 2021 grew by almost 33% from almost $1.25 million to almost $1.65 million.
Gross profit compared with the corresponding nine-month period from 2021 grew by almost 100% from approximately $2.7 million to approximately $5.3 million.
Third Bench CEO David Fair stated, 'We continue to be encouraged by the growth in our various businesses. We have a lot of great people working for us at our various subsidiaries and their hard work and dedication is what makes all of our growth as a Company possible. As our operations continue to grow, management is still very active in seeking new acquisitions to expedite our growth.'
About Third Bench Holdings, LLC
Third Bench, subsidiary of New America Energy Corp., operates five subsidiary companies operating as architectural millwork and dealers in the cabinetry, kitchen and bath areas. Third Bench, through its subsidiary companies, offers products in these categories: residential cabinets and countertops and commercial millwork throughout the Western U.S. for customers from California to Texas. Third Bench also provides installation services as a part of its vertical offering. Third Bench employs over 130 people and had revenue of about $24 million in 2021. These projections have been provided by management and do not include the additional acquisitions that are currently under review.
Third Bench Holdings, LLC
175 S. Main Street #1410
Salt Lake City, UT 84111
https://thirdbench.com/
NECA Contact:
Investor Relations
info@thirdbench.com
https:/twitter.com/necaholdings
Safe Harbor
This release may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of our company, are generally identified by use of words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'intend,' 'plan,' 'project,' 'seek,' 'strive,' 'try,' or future or conditional verbs such as 'could,' 'may,' 'should,' 'will,' 'would,' or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results. Some of the factors that could cause our actual results to differ from our expectations or beliefs include, without limitation, the risks discussed from time to time in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
SOURCE: New America Energy Corp.
Get a daily dose of Kansas City Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kansas City Post.
More InformationATLANTA, Georgia: In a case highlighting the battle over corporate diversity policies in the U.S., an Atlanta-based federal appeals court ...
STRASBOURG, France: The President of the European Parliament, Roberta Metsola, has voiced the legislative body's support for appointing a United ...
MURCIA, Spain: Authorities said a nightclub fire over the weekend in the southeastern Spanish city of Murcia killed 13 people ...
SAN FRANCISCO, California: To resolve a pending litigation with the Oregon affiliate of the International Container Terminal Services Inc (ICTSI), ...
PANAMA CITY, Panama: On September 30, the Panama Canal said that due to a drought that has reduced the supply ...
TRIPOLI, Libya: Italy and Libya resumed commercial flights for the first time in ten years on September 30, with flight ...
NEW YORK, New York - Economic data indicating jobs growth could be slowing saw equity markets regain some composure Wednesday ...
CANBERRA, Australia: Defense Minister Richard Marles told Nine Network television on September 29 that after a crash in July that ...
AMSTERDAM, The Netherlands: This week, Dutch competition regulator, the ACM, rejected an appeal by Apple against fines worth €50 million. ...
TOKYO, Japan: Tokyo-based startup Tsubame Industries has developed a four-wheeled robot that resembles the "Mobile Suit Gundam" from the popular ...
ISLAMABAD, Pakistan - According to The News, the federal government is considering selling its stake in the Reko Diq project ...
NEW YORK, NEW YORK - U.S. stocks tumbled on Tuesday as interest rates on 10 and 30-year Treasury yields approached ...