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Stock impact report

C-Bond Systems Reports 2023 Highlights Including Record Revenue and Positive Net Income; Company to Host Conference Call on April 3rd [Yahoo! Finance]

CABINET GROW INC Common (CBNT) 
NASDAQ:AMEX Investor Relations: otcmarkets.com/stock/cbnt/quote
Company Research Source: Yahoo! Finance
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 its preliminary outlook for the first quarter ended March 31, 2024. The Company stated last month it expects to report revenues of more th Show less Read more
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