ALPP - Alpine 4 Holdings Continues To Stumble And I Remain Bearish

• The company had pro forma sales of $98.3 million in 2021 and is guiding to revenues surpassing $100 million in 2022.
• I find this disappointing considering the 2022 guidance given in April was for $122 million of sales.
• The business is far from achieving profitability and cash and cash equivalents stood at $3.72 million as of December.
• I think that the market valuation of Alpine 4 is likely to continue to slide but short selling could be dangerous.

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