Arsenal Digital Holdings Inc. (OTC:ADHI) Stock Gains Momentum: What Next?

This past Friday, Arsenal Digital Holdings Inc. (OTC:ADHI) was one of the companies that came into focus among investors, and its stock emerged as one of the notable gainers. The stock ended up with gains of as much as 16% amidst heavy interest. In light of such gains, it could be the right time for investors to consider taking a look at some of the recent developments pertaining to the company.

Last week, the company announced that it had added a new subsidiary to its business in the form of Blackrock Midstream. The company noted in its news release that the new subsidiary would help boost its offerings, customer base, and managerial skills. In that particular context, Arsenal Digital Holdings noted that the second quarter financial results were a major achievement, as it ended up with revenues of as much as $19 million.

The company went on to note that the revenue figure was in line with the projections, and for the rest of the year, the revenues were expected to be on an upward curve. However, the company also added that the projections it made did not include the revenues that would be added from some of its upcoming acquisitions. The Chief Operating Officer of the company and the founder of Blackrock, Randall Eddington, noted that it was an indication of the sort of progress that had been made by the company.

In the news release that was put out by the company, it was further noted that owing to the foundation that would be in place thanks to the Blackrock acquisition, Arsenal Digital Holdings would move into a journey of expansion into new markets, which would be complemented with a new range of services.

The company’s move for further expansion would be supported by the setting up of two more facilities, which would help it integrate vertically in the sector.

The facilities in question would specialize in the field of liquid processing and would also involve a small plant that would be connected to the sales infrastructure. Arsenal Digital stated that the setting up of the new line of business would generate higher margins that could be in the 20% to 50% range of gross revenues and would depend on the quality of the final product.

On April 20, the company announced that it had made new appointments not only to its executive team but also to its board of advisors. The move was made by Arsenal Digital to boost its management and corporate governance. The company announced that experienced banking and finance professional Brian Halle and accomplished chemical engineer with specialization in biofuels and biogas, Dr. Jagannadh Satyavolu, joined the board of advisors.

In the same news release, the company announced that the founder and chief executive officer of Blackrock Midstream, Randall Eddington, had been appointed as the chief operating officer of Arsenal Digital Holdings. Eddington’s appointment would help in the day-to-day management of the recent acquisition and expansion efforts, the company noted.