MagneGas posts record Q2 sales [Seeking Alpha]
MAGNEGAS (MNGA)
Last magnegas earnings: 11/14 08:00 am
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Source: Seeking Alpha
MagneGas posts record Q2 salesMagneGas (MNGA)+21% premarket after companyannounced Q2 preliminary sales of $3M an increase of 213% Y/Y.The increase in sales is a direct result of company’s commercial acquisition strategy and value generation from recent accretive acquisitions.“Not only were we able to preserve strong customer relationships, but in the case of both Complete Welding and Green Arc Supply, we benefitted from rapid sales growth in a matter of a few short months. We have been very successfully augmenting the sales force, implementing sound growth plans, and using MagneGas2® as a key competitive advantage to open doors and gain access to new clients”, commented Ermanno Santilli, CEO.See all stocks on the move »Now read:Heritage-Crystal Clean: Beaten Down, Is It Worth A Buy? »Subscribefor full text news in your inbox
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