SMG Reports Preliminary Unaudited Revenues of Approximately $20.5 Million for Q1, 2023, an Increase of Approximately 27% From Q1, 2022
SMG Reports Preliminary Unaudited Revenues of Approximately $20.5 Million for Q1, 2023, an Increase of Approximately 27% From Q1, 2022
HOUSTON, TX, May 04, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – SMG Industries, Inc. ("SMG" or the "Company") (OTCQB: SMGI), a growth-oriented transportation services company focused on the domestic infrastructure logistics market, is pleased to announce its preliminary unaudited results of consolidated revenues from operations for the first quarter ended March 31, 2023. The Company recorded approximately $20.5 million in revenues for the first quarter 2023, representing an increase of about 27%, compared to $16.18 million in the first quarter of 2022.
德克薩斯州休斯頓，2023年5月4日(環球通訊社)--通過NewMedia Wire-SMG Industries，Inc.(“SMG”或“公司”)(OTCQB：SMGI)是一家專注於國內基礎設施物流市場的成長型運輸服務公司，該公司高興地公佈了截至2023年3月31日的第一季度綜合運營收入的初步未經審計的結果。該公司2023年第一季度的收入約為2050萬美元，比2022年第一季度的1618萬美元增長了約27%。
The substantial increase in revenues during the first quarter 2023 demonstrates the effectiveness of SMG's strategic investments in revenue diversification and expansion into new transportation market segments attracting additional customers. Building on a record revenue year in 2022, the Company currently foresees ongoing growth trends throughout the year in engineered super heavy haul, brokerage and flatbed, while concurrently positioning itself to leverage its acquisition strategy for further growth and revenue diversification.
Mr. Matt Flemming, Chairman of SMG, expressed his satisfaction with the results, stating, "The continued growth of our core and new revenue lines underscores the focus in developing additional lines of business compared to the previous year. As we progress this year, we believe our expanding revenue streams provide increased stability and open up valuable opportunities for market exposure in-line with our acquisition strategy."
As stated in a previous release, SMG has initiated discussions for the listing of its common stock on a national stock exchange and is actively working towards satisfying the associated listing requirements. The Company plans to announce its complete financial results, along with management's discussion and analysis, within its Quarterly Report on Form 10-Q for the first quarter ended March 31, 2023, anticipated to be filed on or before May 15, 2023.
2023年第一季度收入的大幅增長證明瞭SMG在收入多元化和向新的運輸市場細分領域擴張方面的戰略投資的有效性，以吸引更多的客戶。在2022年創紀錄的收入年度基礎上，該公司目前預計全年在工程超重型運輸、經紀和平板領域的持續增長趨勢，同時定位自己利用其收購戰略實現進一步增長和收入多樣化。
SMG董事長馬特·弗萊明先生對業績表示滿意，他說：“我們核心收入線和新收入線的持續增長突顯了與前一年相比，開發更多業務線的重點。隨著今年的進展，我們相信我們不斷擴大的收入流提供了更大的穩定性，並根據我們的收購戰略為市場敞口打開了寶貴的機會。”
如前一份新聞稿所述，SMG已就其普通股在全國證券交易所上市進行了討論，並正在積極努力滿足相關的上市要求。該公司計劃在預計於2023年5月15日或之前提交的截至2023年3月31日的第一季度Form 10-Q季度報告中公佈其完整的財務業績，以及管理層的討論和分析。
About SMG Industries, Inc.: SMG Industries is a growth-oriented transportation services company focused on the domestic infrastructure logistics market. Through several of the Company's wholly-owned subsidiaries branded as the "5J Transportation Group," it offers specialized heavy haul, super heavy haul, flatbed, brokerage, drilling rig mobilization and driveaway services. 5J's engineered permitted jobs can support up to 500-thousand-pound loads including infrastructure cargo associated with bridge beams, wind energy, power generation components, compressors, and refinery and construction equipment. SMG Industries is headquartered in Houston, Texas and has facilities in Floresville, Hempstead, Henderson, Houston, Odessa, Palestine, Victoria, Texas and Fort Mill, South Carolina. Read more at and
SMG工業公司簡介：SMG Industries是一家專注於國內基礎設施物流市場的成長型運輸服務公司。通過該公司品牌為“5J運輸集團”的幾家全資子公司，它提供專業的重載、超重運輸、平板運輸、經紀、鑽機動員和驅車服務。5J的工程許可工作可以支持高達50萬磅的負載，包括與橋樑、風能、發電部件、壓縮機以及煉油廠和建築設備相關的基礎設施貨物。SMG Industries總部位於得克薩斯州休斯敦，在弗洛斯維爾、亨普斯特德、亨德森、休斯頓、敖德薩、巴勒斯坦、維多利亞、得克薩斯州和南卡羅來納州米爾堡設有工廠。有關更多資訊，請訪問和
Source: SMG Industries, Inc. +1-713-955-3497.
消息來源：SMG工業公司電話：+1-713-955-3497
Contact:
Stan Abiassi – Market Street Capital, Inc.
stan@marketstreetcp.com
713-338-9415
聯繫方式：
斯坦·阿比亞西-Market Street Capital，Inc.
郵箱：stan@market streetcp.com
713-338-9415
譯文內容由第三人軟體翻譯。