ALPP - Alpine 4 trades lower despite top-line growth of 19%; CEO calls for shareholder equity growth of $40M

For FY20, Alpine 4 Holdings' ([[ALPP]] -8.5%) revenue for the year increased 19% Y/Y to $33.5 M vs company projected revenue to be at least $47M higher provided COVID-19 effects were not factored in.Alpine retained 95% of its workforce during the coronavirus (COVID-19) pandemic, Wilson noted, which was not easy for the company financially. It took a hit of $3.2M in additional expenses by keeping employees at the level it did and not significantly trimming its workforce.Alpine expects to report its shareholder equity to grow to $40M in Q1 2021.Additionally, Wilson said the company expects shareholder equity to increase from a negative $8.7M to positive equity estimated to be in excess of $40M over the first half of 2021.Looking ahead, the company projected that in the second quarter of 2021 it will post sales revenue that exceeds pre-coronavirus pandemic revenue."When you combine the cost-cutting measures of our MIDK (maintain, invest, divest, kill) exercise we did in Q2

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Alpine 4 trades lower despite top-line growth of 19%; CEO calls for shareholder equity growth of $40M