Wirtschaftsnachrichten (Symbolbild).
Montag, 22.08.2016 22:05 von | Aufrufe: 38

ADM Tronics Reports First Quarter of Fiscal Year 2017 Results, Revenues Increase 31%

Wirtschaftsnachrichten (Symbolbild). pixabay.com

PR Newswire

NORTHVALE, N.J., Aug. 22, 2016 /PRNewswire/ -- ADM Tronics Unlimited, Inc. (OTCQB: ADMT), a technology-based developer and manufacturer of innovative technologies and products, today announced results for its first fiscal quarter ended June 30, 2016 of Fiscal Year 2017.

Revenues for the three months ended June 30, 2016 were $1,377,431 as compared to $1,055,928 for the three months ended June 30, 2015, an increase of 31%.  Net profit for the first quarter was $521,230 or $0.01 per share as compared to $434,228 or $0.01 per share for the same period last year, an increase of 20%.  Complete financial results are available in the Company's Quarterly Report on Form 10Q available at www.sec.gov.

Financial Highlights



Three Months
Ended

June 30, 2016


Three Months
Ended

June 30, 2015


ARIVA.DE Börsen-Geflüster

Kurse

Net Revenues

$1,377,431


$1,055,928





Cost of Sales

$459,927


$300,873





Gross Profit

$917,504


$755,055





Operating Expenses

$396,460


$320,057





Income from operations

$521,044


$434,548





Total other income (expense)

$186


($320)





Net income

$521,230


$434,228





Net income per common share

$0.01


$0.01





Weighted average shares of common stock outstanding - diluted

67,008,503


65,539,537

"We are pleased that our growth continues into our new fiscal year," stated Andre' DiMino, President of ADMT.  "We expect to see our medical device engineering revenues continue, and we are now devoting more of our resources and efforts towards advancing our own proprietary medical technologies."

About ADMT

ADMT is a diversified, technology-based developer and manufacturer of innovative technologies and products.  Its core competency is its ability to conceptualize a technology, bring it through development, into manufacturing and commercialization, all in-house.  ADMT has three areas of activity: Proprietary Electronic Medical Devices; Eco-Friendly, Safe, Water-Based Formulations; and, Design, Engineering, Regulatory and Manufacturing Services.  The Company's headquarters, laboratories, FDA-Registered medical device and manufacturing operations are located in Northvale, NJ.  ADMT's multi-disciplinary team of engineers, researchers and technologists utilize advanced technology infrastructure, such as 3-D solid prototyping, precision instrumentation and specialized software and peripherals, for the research, development and commercialization of diversified technologies. Additional information is available at the Company's websites - admtronics.com and concepttoquantity.com.

Except for historical information contained herein, the matters set forth in this news release are "forward looking" statements (as defined in the Private Securities Litigation Reform Act of 1995), including statements regarding future revenue growth and performance.  Although ADMT believes the expectations reflected in such forward looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. Forward looking statements involve risks and uncertainties that could cause actual results to differ materially from expectations.  Factors that could contribute to such differences include those described from time to time in ADMT's filings with the SEC, news releases and other communications. The Company assumes no obligation to update the information contained in this news release.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/adm-tronics-reports-first-quarter-of-fiscal-year-2017-results-revenues-increase-31-300316530.html

SOURCE ADM Tronics Unlimited, Inc.

Werbung

Mehr Nachrichten zur ADM Tronics Unlimited Aktie kostenlos abonnieren

E-Mail-Adresse
Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.


Andere Nutzer interessierten sich auch für folgende News