Ault Alliance Announces Strong Performance from its Global Defense and Electronics Subsidiary Gresham Worldwide
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2024
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Source: newsfilter
- Increase in Sales Demand and Backlog: Ault Alliance's subsidiary, Gresham Worldwide, Inc., is experiencing growth in sales demand and backlog driven by order inquiries and market segment activity, particularly in defense businesses.
- Revenue Growth and Contracts: The current backlog combined with existing contract awards are estimated to total $46 million as of March 31, 2024, and Gresham anticipates exceeding $50 million in annual revenue for 2024.
- Enertec Systems 2001 Ltd. Expansion: Enertec, Gresham's Israeli subsidiary, has been awarded a multi-year $20 million contract for missile defense system technology and has extensive experience in testing systems for cardiac catheters.
- Future Revenue Expectations: Gresham's CEO anticipates an annual revenue growth rate exceeding 20% year over year for the coming years and plans to improve profitability through operational synergies.
- Ault Alliance's Business Scope: Ault Alliance, Inc. is a diversified holding company involved in various industries such as data centers, Bitcoin mining, metaverse platforms, oil exploration, defense/aerospace, and more.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
