C-Bond Systems Reports 2023 Highlights Including Record Revenue and Positive Net Income; Company to Host Conference Call on April 3rd
CABINET GROW INC Common (CBNT)
NASDAQ:AMEX Investor Relations:
otcmarkets.com/stock/cbnt/quote
Company Research
Source: GlobeNewswire
Net income improved by $7 million year over year due, in part, to the May 2023 sale of the C-Bond nanoShield patent and related business for approximately $4.1 million and decreased operating expenses of approximately $1.2 million The Company repaid more than $2 million of debt in 2023 Company expects to report first quarter 2024 revenue of more than $1 million SAN ANTONIO, April 02, 2024 (GLOBE NEWSWIRE) -- C-Bond Systems (the “Company” or “C-Bond”) (OTC: CBNT), a developer and marketer of glass strengthening solutions for enhanced safety, today announced financial results for the year ended December 31, 2023, reporting record annual revenue of $2.49 million and net income of $1.89 million. Following the sale of its C-Bond nanoShield business and related patent in May 2023 for approximately $4.1 million, the Company also repaid over $2 million of debt. The Company will hold a conference call tomorrow, April 3, 2024, at 9:30 am ET to discuss its 2023 financial results and review
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CBNT
News
- C-Bond Systems' Patriot Glass Solutions Subsidiary Receives $185,000 Purchase Order from Texas School District Boerne ISD to Install C-Bond Security Window Film Technology [Yahoo! Finance]Yahoo! Finance
- C-Bond Systems’ Patriot Glass Solutions Subsidiary Receives $185,000 Purchase Order from Texas School District Boerne ISD to Install C-Bond Security Window Film TechnologyGlobeNewswire
- C-Bond Systems, Inc. Engages Cervitude Intelligent Relations for Investor Awareness Services [Yahoo! Finance]Yahoo! Finance
- C-Bond Systems, Inc. Engages Cervitude Intelligent Relations for Investor Awareness ServicesGlobeNewswire
- C-Bond Systems, Inc. (PNK:CBNT) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CBNT
Sec Filings
- 4/12/24 - Form 8-K
- 4/1/24 - Form 10-K
- 3/7/24 - Form 8-K
- CBNT's page on the SEC website