BIONIK Laboratories Announces Third Quarter Fiscal 2020 Financial Results
Bionik Laboratories Corp. (BNKL)
NASDAQ:AMEX Investor Relations:
ir.bioniklabs.com
Company Research
Source: Business Wire
TORONTO & BOSTON--(BUSINESS WIRE)--BIONIK Laboratories Corp. (OTCQB: BNKL) ("BIONIK" or the "Company"), a robotics company focused on providing rehabilitation and assistive technology solutions to individuals with neurological and mobility challenges from hospital to home, today announced financial results for the third quarter of fiscal year 2020, ended December 31, 2019.Financial information for the third quarter of fiscal 2020:Year to date sales for the nine months ended December 31, 2019 are $1,230,074.Reported sales of $158,005 compared to $930,257 in the prior-year quarter; the decrease from the prior period was primarily due to the delay in receiving a purchase order for six robots received in early January 2020 that the Company expected to receive before December 31, 2019, and the inability by its Chinese JV partner to import robotic devices in China.Corporate highlights for the third fiscal quarter and recent weeks include:Completed rollout of upgraded version of the InMo
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