Generation Alpha

OverviewSuggest Edit

Generation Alpha (formerly Solis Tek) is focused on the research, design, development and manufacturing of advanced, energy efficient greenhouse indoor horticulture lighting and ancillary equipment. SolisTek's vision is to apply the latest advances in high-efficiency lighting and controls technology as well as effective manufacturing techniques to deliver highly differentiated products with clear benefits at competitive prices to the greenhouse and indoor horticulture markets.

TypePublic
Founded2010
HQCarson, US
Websitesolis-tek.com

Latest Updates

Employees (est.) (Apr 2019)18
Revenue (FY, 2018)$3.3 M(-62%)

Generation Alpha Office Locations

Generation Alpha has an office in Carson
Carson, US (HQ)
16926 Keegan Ave
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Generation Alpha Financials and Metrics

Generation Alpha Revenue

Generation Alpha's revenue was reported to be $3.35 m in FY, 2018
USD

Revenue (FY, 2018)

3.3m

Gross profit (FY, 2018)

521.7k

Gross profit margin (FY, 2018), %

15.6%

Net income (FY, 2018)

(17.1m)

EBIT (FY, 2018)

(17.5m)

Cash (31-Dec-2018)

886.7k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

7.7m8.6m9.0m3.3m

Cost of goods sold

5.0m5.4m5.8m2.8m

Gross profit

2.7m3.1m3.1m521.7k

Gross profit Margin, %

35%36%35%16%
Quarterly
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

1.8m1.8m2.6m2.1m1.9m2.9m2.4m2.0m1.0m701.6k

Cost of goods sold

1.1m1.1m1.7m1.3m1.2m1.8m1.5m1.3m533.9k584.9k

Gross profit

734.2k723.6k926.0k801.7k640.5k1.1m919.9k671.4k477.8k116.7k

Gross profit Margin, %

40%40%36%38%34%39%38%34%47%17%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

322.0322.0106.3k275.8k967.9k886.7k

Inventories

3.8m2.9m1.7m570.2k

Current Assets

322.0322.04.7m3.9m3.9m1.8m

PP&E

267.7k204.9k138.2k56.8k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(46.8k)(42.4k)(553.0k)(538.7k)(14.0m)(17.1m)

Depreciation and Amortization

51.1k71.0k69.9k271.0k

Inventories

(2.1m)939.1k1.2m315.8k

Accounts Payable

336.0k572.3k139.0k
Quarterly
Show all financial metrics

Generation Alpha Online and Social Media Presence

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Generation Alpha News and Updates

Generation Alpha Launches into the Legal U.S. Medical Cannabis Industry with the Purchase of an Arizona Property to be Used as a Cultivation and Processing Facility

Carson, CA - (NewMediaWire) - April 08, 2019 - Generation Alpha, Inc. (OTCQB: GNAL) (“Generation Alpha” or the “Company”), a vertically integrated cannabis technology innovator, manufacturer and distributor, announces the closing of a significant transaction for the Company with the purchase o…

Generation Alpha Partners with Seinergy to Offer Lighting Rebates for Cannabis Growers in the United States

CARSON, CA - (NewMediaWire) - February 13, 2019 - Generation Alpha, Inc. (OTCQB: GNAL), a vertically integrated cannabis technology innovator, manufacturer and distributor, today announced a partnership with Seinergy LLC, an indoor agriculture lighting rebate provider in the U.S.The new relatio…

Generation Alpha Appoints New Board Member David Lenigas to Help Expand U.S. Operations and Explore International Expansion

CARSON, CA - (NewMediaWire) - February 11, 2019 - Generation Alpha, Inc. (OTCQB: GNAL), a vertically integrated cannabis company and technology innovator, manufacturer and distributor, is pleased to announce the appointment of international businessman and entrepreneur Mr. David Lenigas to the …

Generation Alpha to Present at LD Micro 11th Annual Main Event Investor Conference on December 5, 2018

CARSON, CA - (NewMediaWire) - November 28, 2018 - Generation Alpha, Inc. (OTCQB: GNAL), a vertically integrated cannabis technology innovator, manufacturer and distributor, today announced that Alan Lien, Chief Executive Officer, and Tiffany Davis, Chief Operations Officer, will present at the …

GreenLight Report: Generation Alpha Name Changer, Game Changer

Las Vegas, NV - (NewMediaWire) - November 06, 2018  - The raging cannabis market has created many a robust business plan and opportunity. Companies are rushing to participate in every aspect of the industry spectrum from facilitator to grower. Very few can claim that they are doing both as is t…

Correcting and Replacing: Solis Tek Changes Name to Generation Alpha, Inc.

Reflects Shift in Strategy to High Growth Opportunities in Cannabis
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Generation Alpha Frequently Asked Questions

  • When was Generation Alpha founded?

    Generation Alpha was founded in 2010.

  • How many employees does Generation Alpha have?

    Generation Alpha has 18 employees.

  • What is Generation Alpha revenue?

    Latest Generation Alpha annual revenue is $3.3 m.

  • What is Generation Alpha revenue per employee?

    Latest Generation Alpha revenue per employee is $186 k.

  • Who are Generation Alpha competitors?

    Competitors of Generation Alpha include Deco Lighting, Lumitec and Pure Lighting.

  • Where is Generation Alpha headquarters?

    Generation Alpha headquarters is located at 16926 Keegan Ave, Carson.

  • Where are Generation Alpha offices?

    Generation Alpha has an office in Carson.

  • How many offices does Generation Alpha have?

    Generation Alpha has 1 office.