Ault Alliance Announces Strong Performance from its Global Defense and Electronics Subsidiary Gresham Worldwide
Ault Alliance, Inc. (AULT)
Company Research
Source: Business Wire
Substantial Growth in Demand Drives Increase in Backlog Amid Global Conflicts LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today reported that its electronic technology solutions subsidiary Gresham Worldwide, Inc. (OTCQB: GIGA) (“Gresham”) is experiencing a growth in sales demand and backlog. The increases are led by robust order inquiry and market segment activity across Gresham’s defense businesses, particularly Gresham’s Israeli subsidiary Enertec Systems 2001 Ltd. (“Enertec”), which serves missile defense and medical device markets. Existing contract awards with exercisable options combined with current backlog are estimated to total $46 million as of March 31, 2024 and Gresham anticipates that its annual revenue will exceed $50 million for 2024.“Gresham is led by Jonathan ‘JR’ Read and his dedicated team,” stated William B. Horne, Chief Executive Officer of the Company. “Gresham is dyn
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AULT
Sec Filings
- 5/17/24 - Form 8-K
- 5/16/24 - Form 8-K
- 5/15/24 - Form NT
- AULT's page on the SEC website