Titan NRG, Inc. (“Titan NRG” OTC: TTNN), a leader in downstream energy and transportation through its wholly-owned subsidiaries, proudly presents its First Quarter Financial Reports, revealing noteworthy strides in its operations.
“Our first quarter disclosures demonstrate our continued growth. The numbers speak for themselves, with year-over-year comparisons indicating a substantial move into profitability.” said Alex Majalca Jr., Titan NRG’s President and CEO. “ Some key highlights to really focus on are the increased revenue numbers for the quarter as well as a very nice swing in our Net Comprehensive Income line. We’re continuing on this path toward success with the addition of two more assets for our trucking sector.”
Key Highlights for the First Fiscal Quarter include:
- Achieving Quarterly Revenue of $1,987,024, a notable progression from $1,808,254 in the comparable period.
- Delivering a Net Comprehensive Income of $218,518, contrasting sharply with a loss of ($13,517) in the preceding year.
- Successfully managing Accounts Receivable worth $784,305, showcasing substantial growth from $431,839 year over year.
- Building robust financial resilience with $1,080,225 in cash on hand, up significantly from $505,761 twelve months ago.
For further information, the full Quarterly Report for the fiscal year can be accessed on the OTC Markets website.