American Rebel Holdings, Inc AREB expects to clock approximately $5 million in Pro-forma Q3 gross revenue and roughly $14.7 million in pro forma revenue for the nine months ended September 30, 2022.
What Happened? Revenue for Q3, including only the revenue earned by the Champion entities after the closing of the acquisition on July 29, 2022, is projected to be nearly $4 million.
American Rebel acquired Champion Safe Company and its ancillary companies in a transaction with a purchase price of approximately $9.9 million.
American Rebel expects to file its September 30, 2022, 10-Q with the SEC by November 14, 2022.
On its June 30, 2022, 10-Q, American Rebel reported $9.7 million in pro forma revenue for the first six months of 2022.
Why Does It Matter? “We’re on target to exceed $20 million in annual pro forma revenue for 2022,” said Andy Ross, CEO of American Rebel. “Integrating the Champion and American Rebel operations has been going great, and we expect continued growth. We are actively evaluating potential synergistic acquisitions or partnerships and are bullish about the future of America’s Patriotic Brand.”
Price Action: AREB shares closed higher by 7.86% at $0.28 on Wednesday.
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