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GuideSource Sees Success at Turnaround Manufacturer

 

January 5th, 2016

 

 

GuideSource led a business for absentee owners who purchased the company in August of 2014 for $1.4 million.  In 2013 and 2014, annual revenues were between $3 and 3.5 million.  The business lost money each year.  Preliminary financials for 2015 show the work GuideSource put into stewarding sales and marketing efforts have returned results.  Revenue for 2015 is over $4.9 million with profits exceeding $360,000 after adding back interest paid to shareholders.  We anticipate revenues will top $6 million in 2016 and profits will exceed $600,000 after adding back shareholder interest.