BUSINESS: Dalrada Corporation Reports Strongest Quartal With 506% Increase In Revenue And 48% Reductions In Stockholder Debt

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Daniel Webster, dWeb.News Publisher

SAN DIEGO–(BUSINESS WIRE)–Dalrada Corporation (OTCQB: DFCO, “Dalrada”) has reported financial results for the quarter ending September 30th, 2021 (Fiscal Q1). The Company reported revenues of $4,602,353, representing an increase of 506% compared to $759,393 for the same quarter in 2020. Gross profit for the quarter was $3,398,018 compared to $525,965 for the quarter ending September 30th, 2020, representing a 546% increase.

Stockholder deficit reduced by 48% compared to the same period last year.

Brian Bonar is Chairman and CEO at Dalrada. He states that “I am very happy with our topline revenue for the quarter.” As we work towards our goal of NASDAQ uplisting, we are making the right choices to position and grow our company for success in the future. We also strategically increase stockholder value.

Dalrada had its strongest quarter with revenue exceeding that of the previous four quarters. During this period, Dalrada expanded its health division to include on-site COVID-19 testing (Pala Diagnostics), ramped up the certified nursing and medical assistant education programs (IHG), and continued to expand GlanHealth’s sanitizing product portfolio. Prakat, Dalrada’s Technology Division, saw topline growth thanks to new wins in supply chain management platforms and IT & Software engineering. It also developed mobile applications that could help businesses solve their problems.

Operating expenses increased for the quarter, compared to the same period last year, due to stock compensation payouts; a ramp-up of legal & consulting; the continued development and support of Likido(r) operations & manufacturing; build-out of Solas Rejuvenation Clinic; development of Empower Genomics testing lab including COVID-19 on-site testing; manufacturing of Ignite cleaning products; and expansion of Prakat and IHG.

As the organization’s healthcare and technology divisions experience growth, the Company is looking forward to increasing production of the Likido(r) units due to market demands. During the 26th United Nations Climate Change Conference (COP26), nearly 200 countries reached an agreement to prevent further temperature increases to the planet. Likido is a global solution to the world’s most pressing problems. It decarbonizes heat and eliminates the need for fossil fuels.

Bonar says, “This is a very exciting time for our company. While the Company has the right structure and people, there is still much to be done. We are confident in all of our business segments and in the synergies and the compatibility of our products with the industries that we serve in clean, healthcare, and tech. Dalrada’s investors, shareholders, and clients continue to support the Company.

For more information on Dalrada and its subsidiaries, visit www.dalrada.com.

About Dalrada (DFCO)

With perseverance, valor, dedication, and vision, Dalrada Corporation is dedicated to tackling worldwide challenges of today and tomorrow.

Dalrada, a global company, is committed to creating innovative solutions that make a difference for all people. The Company is committed to creating disruptive solutions that improve accessibility and promote positive change for future generations.

Established in 1982, the Company has since grown its footprint to include the business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Each Dalrada subsidiary actively provides world-class solutions for global problems at a cost-effective and accessible price. For more information, please visit www.dalrada.com.

Disclaimer

Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. These statements are based upon certain assumptions and reflect management’s current views. They also involve risks and uncertainties. Due to many important factors, actual results, events or performance could differ materially to the forward-looking statements. These factors include, but are not limited to, whether we can obtain additional financing to allow us to continue current and future operations. We also need to consider whether there will be continued demand for our products in domestic and foreign markets. These forward-looking statements are not subject to any obligation to update or reflect changes in events or circumstances after the date. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the U.S. Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.

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