MagneGas soars after revenue projections [Seeking Alpha]
MAGNEGAS (MNGA)
Last magnegas earnings: 11/14 08:00 am
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Source: Seeking Alpha
MagneGas soars after revenue projectionsMagneGas (NASDAQ:MNGA)+32% premarket afterannouncing record sales in February 2018.The company generated $505K for the combined full-month operations of ESSI, Green Arc Supply, and Complete Welding of San Diego, representing the highest combined industrial gas and welding supply sales in corporate history."We exited 2017 with approximately $0.15 of revenue per share. Today, we are projecting almost $1.00 in revenue per share, with significantly improved profitability, clearly demonstrating the accretive nature of our growth strategy," commented CFO Scott Mahoney.See all stocks on the move »Now read:Advanced Disposal Services: Asymmetric But Speculative »
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