Generation Alpha Inc (PK:GNAL)
Business Focus: Lighting Fixtures
| Sector: Consumer Cyclicals | Industry: Construction Supplies & Fixtures |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 16926 East Keegan Blvd CARSON CA 90746 |
| Tel: | N/A |
| Website: | genalphainc.com |
| IR: | See website |
| Key People | ||
| Tiffany N. Davis Chief Executive Officer, Chief Financial Officer, Director | ||
| Business Overview |
| Generation Alpha, Inc. is focused on the research, design, development and manufacturing of indoor horticulture lighting, plant nutrient products and ancillary equipment. The Company operates through the manufacture and distribution of its products. The Company is focused on bringing products and solutions to commercial and retail cannabis growers in both the medical and adult-use recreational space in legal markets across the United States. The Company's product line includes hydroponic resellers/retail and direct-to-consumer/online. The Company's lighting and nutrient customers include retail stores, distributors and commercial growers in the United States and abroad. Its product line has evolved from digital ballasts to a line of lighting products, including a line of specialty ballasts ranging from 400 watts to 1,000 watts with various features, its Lamp Products, a line of reflectors, lighting accessories and a line of light emitting diode (LED) lighting technologies. |
| Financial Overview |
| For the six months ended 30 June 2021, Generation Alpha Inc revenues increased 57% to $917K. Net loss decreased 60% to $1.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Change in fair value of derivative liab. decrease of 52% to $725K (expense), Legal settlement decrease from $448K (expense) to $0K. |
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