- SGTM released Q1-2021 results showing $9,291,931 in revenue, $1,400,720 in gross profit, $41,477,914 in total assets
- QoQ growth includes 16.7% revenue increase, 8.6% gross profit increase
- 2020 was record-breaking year: 794% revenue, 4,817% gross profit growth in Q1 and Q2 compared to all of 2019
Sustainable Green Team (OTC: SGTM), a leading provider of environmentally beneficial solutions for tree and storm waste disposal, recently announced Q1-2021 financial results that indicate the company may surpass its record-breaking 2020 financial performance (https://ibn.fm/1Q9cw).
The company posted $9,291,931 in revenue, $1,400,720 in gross profit and $41,477,914 in total assets for the three months ending April 3, 2021. Compared to 2020, the results represent an approximate 16.7% increase in revenue, 8.6% increase in gross profit, and 1.4% increase in total assets compared to the three months ended March 31, 2020.
“Our continued successful recorded financials each quarter and year-end is all thanks to our team,” said SGTM CEO and Director Tony Raynor. “I’m a firm believer that you are only as strong as your team, and our strong growing financials proves such. This year we are anticipating to continue recording strong financials as we start implementing our strategy for 2021.”
SGTM produces environmentally friendly products by diverting natural storm waste from landfills and transforming it into organic garden mulch and playground surfacing material. Through its strategic partners and wholly-owned subsidiaries Mulch Manufacturing Inc. and National Storm Recovery, the company achieves its objectives through tree services, debris hauling and removal, biomass recycling, mulch manufacturing, mulch packaging, next-generation mulch product sales, and the production of specialty cypress lumber.
“Getting paid for your feedstock in the mulch business is a recipe for success and great profit margins,” said Raynor (https://ibn.fm/BlbsX). “Storm recovery is a multibillion-dollar business, and we are prepared to help in any cleanup process.”
While COVID-19 policies sent the global economy into a tailspin, SGTM experienced stellar financial results in 2020 that included a 794% increase in revenue and a 4,817% increase in gross profit during the first half of the year when compared to all of 2019 combined (https://ibn.fm/v0K7Y). Factors contributing to the company’s impressive performance include a record-breaking hurricane season (https://ibn.fm/HqaVK) and increasing lumber prices (https://ibn.fm/Vo8Cw).
The company continues to expand through its strategic partnerships, operational investments, government contracts, and a growing list of commercial clients, including The Kroger Co., Circle K, 7-Eleven, Mendards Inc., Old Castle Lawn & Garden, and more. Based in Jacksonville, Florida, SGTM operates from a 100,000-square-foot warehouse/truck terminal on 26 acres and is managed by a leadership team that leverages over 40 years of next-level experience with mulch manufacturing and tree management.
To learn more about Sustainable Green Team Ltd., view the investor presentation at https://ibn.fm/LtsUa.
NOTE TO INVESTORS: The latest news and updates relating to SGTM are available in the company’s newsroom at http://ibn.fm/SGTM
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