Taronis January 2019 Preliminary Sales Increase 468% Over Same Period Last Year
MAGNEGAS (MNGA)
Last magnegas earnings: 11/14 08:00 am
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Source: GlobeNewswire
TAMPA, Fla., Feb. 13, 2019 (GLOBE NEWSWIRE) -- Taronis Technologies, Inc. (“Taronis" or “the Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental conservation industry, today announced its preliminary January sales figures. Total sales generated were $1.42 million, which represents a 468% increase as compared to January 2018 sales of $0.25 million. On a proforma basis, including the recent East Texas acquisition for the full month, January sales would have increased by 600% as compared to January 2018, to $1.75 million. The year-over-year (“YOY”) increase was primarily attributable to the Company’s expansion into the California, Texas and Louisiana markets through seven acquisitions completed over the past year. Scott Mahoney, Chief Executive Officer of Taronis, said, “We are successfully executing on our growth strategy.” Mr. Mahoney continued, “We have increased our annualized revenues by over 700% in just over a year whil
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