Dalrada Financial Corporation Announces 2020 Audited Financial Result
SAN DIEGO, Oct. 16, 2020 /PRNewswire/ -- Dalrada Financial Corp. (OTC Pink: DFCO) announces the Company's audited financial results, confirmed by a third party PCAOB registered certified public accounting firm (dbbmckennon), for the twelve month period ending June 30, 2020 with growth of 1,532% year-over-year. Dalrada achieved $1,178,154 Total Revenues with Gross Profits of $552,238 for fiscal year 2020 - this is compared to prior year results of $72,155 total revenues in fiscal 2019. "This is one step closer to filing periodic reports and audited financial statements with the SEC, making it easier for investors and shareholders to find current, reliable information about our company. This has been our goal and we are looking forward to the future of our organization and what we are able to offer globally," said Brian Bonar, CEO of Dalrada.
The increase in performance resulted from distribution and consumer sales of GlanHealth's alcohol-free sanitizing products and services, Prakat Solutions' expansion with existing customers and new U.S. opportunities in software and mobile application development services, and Dalrada Precision's addition of bespoke parts with existing customers including new customer orders.
About Dalrada Health
About Dalrada Precision
Dalrada Precision is a team of highly trained and committed individuals. The company takes pride in solving the unique challenges of its customers and constantly improves and enhances its machining and manufacturing capabilities, ultimately becoming a key strategic partner of many businesses. For more information, please visit www.dalradaprecision.com.
About Prakat Solutions
About Dalrada (DFCO)
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
SOURCE Dalrada Financial Corp.