MagneGas Generates $0.9 Million in Sales for July
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 292% Compared to Prior Year TAMPA, Fla., Aug. 31, 2018 (GLOBE NEWSWIRE) -- MagneGas Corporation ("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 $0.9 million for the month of July, as compared to $0.23 million in July 2017, representing a 292% increase. The sales growth was a result of MagneGas’ expansion into California, Texas and Louisiana through three acquisitions made earlier in 2018. The rapid sales growth in July 2018 was primarily driven by a strong rebound in sales in Florida, as well as sales growth at the Company’s northern California operations managed under the Trico Welding Supplies brand. Additionally, the Company’s operations under the Green Arc Supply brand in East Texas have recently acquired several new clients from national industrial gas competitors. “We continue to make excellent progress wit
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