SPO Networks, Inc. (SPOI) Releases Preliminary Q4 Financials

The Preliminary Numbers Pending Year-End Adjustments And Audit, Show That For The 10 Months Ending 12/31/21, Revenue Exceeded $6.8 Million, While Pre-Tax Income Approached $1.3 Million.

FARMINGTON, AR / ACCESSWIRE / January 26, 2022 / SPO Networks, Inc. (OTC:SPOI) ("SPOI" or the "Company"), a publicly-traded company that is actively exploring potential acquisitions and opportunities in diversified industries, including an established revenue generating waste/recycling subsidiary plus a newly launched medical and recreational cannabis and genetic seed operations entity with the expectation of rapid expansion in the cannabis industry utilizing a proprietary vertical market from cultivation facilities, to wholesale and retail dispensaries, today released its preliminary Fourth Quarter 2021 financials.

Foto: Accesswire

The Company on November 16, 2021 previously released that it had timely filed its Quarterly Report for the Third Quarter of 2021 ^[1] . That release showed that the Company's Pretax Income From Operations Of $2.2 Million+ During Third Quarter 2021 and that The Pretax Income Through Seven Months Ended September 30, 2021, Was $4.9+ Million.

Today's release revealed that, using preliminary numbers pending year-end adjustments and audit, SPOI Q4 revenue was over $1.9 million with pre-tax income over $200,000. For the 10 months ending 12/31/21, revenue exceeded $6.8 million, while pre-tax income approached $1.3 million.

Tom Smith CEO of SPO Networks Inc. said: "While these numbers are preliminary numbers pending year-end adjustments and audit, we feel that they show that we are heading in the right direction and that the Company's revenues will continue to grow during 2022."

The previous press release of November 16, 2021 released the following information contained in its filing of the Third Quarter 2021:

• Pretax income of $2,230,621 million, and Seven Months Ended September 30, 2021 of $4,930,290 million;
• Net income of $536,586 million, and Seven Months Ended September 30, 2021 of $1,376,445 million; and
• The cannabis acquisitions that we have under contract, had revenues of $186,000 but cannot be recognized until licenses are transferred, which should occur in Q1-2022.

SPO Networks, Inc.