Shares of Tiderock Companies Inc (OTCMKTS:TDRK) closed sharply higher on Friday. However, the stock is still down 13% in the past week.
Market Reaction
On Friday , TDRK stock soared 14.40% to $0.0569 with 1.06k shares, compared to its average volume of 47.89K shares. The stock has moved within a range of $0.0569 – 0.0569 after opening trade at $0.0569.
Tiderock Companies Announces Annual Results for Fiscal Year Ending December 31, 2021, Showing Increases in Revenues and Assets
Real estate developer and advisory services firm, Tiderock Companies Inc (OTCMKTS:TDRK) on January 27, 2022, announced filing the annual report with OTC Markets for the financial year ending December 2021.
The report indicates that assets have augmented to $395,738 from $0 while its revenues have surged to $18,000 from $0. Additionally, with the real estate loans given by the firm, it has done the acquisition of 10% equity as well as an ownership stake in 1.46-acre parcel besides 5% equity stake in planned 17,235 sq ft. commercial project.
The Tiderock management team has spent 2021 focusing on making a foundation for growth as well as prospecting real estate projects. Currently, the firm has more than $600 million in real estate development projects in the pipeline with a revenue potential of $45M in the next two years.
Tiderock is also focusing on the acquisition of land and specific projects for augmenting asset portfolio, generating recurrent revenues as well as maximizing the investment of own capital.
Tiderock CEO, Thomas Fore said that the year has progressed and inquiries have surged to the rood. Fore added that the company is attributing this to getting the word out of a new venture with a strategic partnership with Port One Companies. The CEO added that it has taken significant time for starting revenues and anticipating growth in revenues during the year.
Tiderock specializes in deal structure and planning, budgeting, and project management with more than $200 million in the present projects.
