Highlights:
- Revenues increased 450% between 2021 to 2022
- Annual report reflects $29.7 million revenue in fiscal 2023
- Infrastructure upgrades and budget cuts
- Shifting efforts to promising climate technology subsidiaries
CEO Brian Bonar shares Dalrada Corporation’s impressive financial growth trajectory during the 2023 fiscal year, with revenues increasing from $3.5 million in 2021 to $19.3 million in 2022 (+450%). For fiscal 2023, revenues reached $29.7 million.
Dalrada has made key infrastructure upgrades to support this rapid expansion, such revising its board of directors and making executive-level changes. The company has also implemented strategic budget cuts to account for losses typical of developing new business segments, while continuing to invest in cutting-edge technologies.
Brian also explains how Dalrada is refocusing efforts on its most promising subsidiaries that are triggering this period of accelerated growth.
This strategic shift builds on the company’s strong performance in the climate technology space, as shown through key expansions and partnerships in Morocco and Spain.
The update emphasizes the expected financial fluctuations involved in managing a diverse product and service portfolio across accounting, analytics, gross margins, and more. In the video, Brian also encourages investors to consider the general dynamics of growth and development as Dalrada continues to advance its global goals.
Through strategic refocusing, infrastructure improvements, and support for sustainable innovation, Dalrada is positioned for the next phase of success.
To learn more about how Dalrada is increasing revenue and boosting innovation through its advanced technologies, contact us or visit our corporate Investor Connection today.