MagneGas Generates $0.9 Million in Sales for August
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 95% Compared to Prior Year TAMPA, Fla., Sept. 13, 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 August, as compared to $0.46 million in August 2017, representing a 95% increase. The sales growth resulted from MagneGas’ expansion into California, Texas and Louisiana through its three acquisitions made earlier in 2018. The rapid sales growth in August 2018 was primarily driven by improved sales in California, particularly in the cannabis sector and among the greater agricultural client base at the Company’s northern California operations managed under the Trico Welding Supplies brand. The Company also experienced solid growth in the San Diego market, where operations are managed under the Complete Welding brand. In that marke
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