Earnings release
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Ault Global Holdings Reports Second Quarter 2021 Results August 16 , 2021 Q2 2021 Revenue of $ 62.1 Million , up 1050 % From the Prior Year's Quarter Q2 2021 Net Income of $ 42.2 Million Compared to a $ 1.4 Million Loss in the Prior Year's Quarter Total Assets of More Than a Quarter of a Billion Dollars ( $ 259.1 Million ) LAS VEGAS -- ( BUSINESS WIRE ) -- Aug . 16 , 2021-- Ault Global Holdings , Inc. ( NYSE American : DPW ) a diversified holding company ( the " Company " ) , today announced its financial results for the second quarter ended June 30 , 2021 . Q2-2021 highlights AULT GLOBAL • Revenue of $ 62.1 million , an increase of 1050 % from $ 5.4 million in the prior second fiscal quarter ; • Revenue from lending and trading activities of $ 53.3 million due to the allocation of capital to the Company's wholly owned subsidiary , Digital Power Lending , LLC ( " DP Lending " ) ; • Revenue from lending and trading activities includes an approximate $ 40 million unrealized gain from the Company's investment in Alzamend Neuro , Inc. ( Nasdaq : ALZN ) ( “ Alzamenď ) , early clinical - stage biopharmaceutical company focused on developing novel products for the treatment of neurodegenerative diseases and psychiatric disorders ; HOLDINGS • Revenue from cryptocurrency mining of $ 291,000 as the Company resumed cryptocurrency mining operations with approximately 1,000 miners during March 2021 ; Revenues • Net income of $ 42.2 million for the quarter , which represents the largest quarterly profit in Company history ; • Positive working capital of $ 127.9 million ; • Total assets of more than a quarter - of - a - billion dollars ( $ 259.1 million ) ; and • Cash of $ 105.4 million , marketable securities of $ 30.2 million and other investments of $ 81.5 million as of June 30 , 2021 . Six months ended June 30 , 2021 highlights • Revenue of $ 75.4 million , an increase of 585 % from $ 11.0 million in the prior six - month period ; • Revenue from lending and trading activities of $ 58.5 million due to the allocation of capital to DP Lending ; • Revenue from cryptocurrency mining of $ 421,000 as the Company resumed cryptocurrency mining operations with approximately 1,000 miners during March 2021 ; and • Net income of $ 44.2 million compared to a net loss of $ 7.9 million in the prior six - month period . Revenues by segment for the three months ended June 30 , 2021 and 2020 were as follows : Gresham Worldwide ( " GWW ) Other Ault Alliance : Revenue , cryptocurrency mining Coolisys Technologies Corp. ( " Coolisys ' ) 1,831,000 Revenue , lending and trading activities For the Three Months Ended June 30 , 2021 $ 6,475,000 291,000 53,274,000 $ 258,000 2020 $ 4,189,000 1,246,000 ( 34,000 ) Increase % $ 2,286,000 55 % 585,000 47 % 291,000 53,308,000 156788 % 258,000