MagneGas Generates $1.163 Million in Sales for November
MAGNEGAS (MNGA)
Last magnegas earnings: 11/14 08:00 am
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
Sales Increase of 287% Compared to Prior Year TAMPA, Fla., Dec. 18, 2018 (GLOBE NEWSWIRE) -- MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced today that the Company generated sales of $1.163 million for the month of November, as compared to $0.3 million in November 2017, representing a 287% increase. The sales growth was a result of MagneGas’ expansion into California, Texas and Louisiana through six acquisitions made in 2018. The fastest growing market for the Company in November was the Texas and Louisiana combined market, which grew 45% compared to October sales. This was in part the result of three acquisitions made in the second half of October, which doubled the Company’s retail store count and added a market presence in Paris, TX and Longview, TX. In addition, Green Arc had its highest monthly sales figures for 2018, as w
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