MagneGas Generates $0.9 Million in Sales for September
MAGNEGAS (MNGA)
Last magnegas earnings: 11/14 08:00 am
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
260% Sales Increase Compared to Prior Year TAMPA, Fla., Oct. 17, 2018 (GLOBE NEWSWIRE) -- MagneGas Applied Technology Solutions, Inc. ("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 September, as compared to $0.25 million in September 2017, representing a 260% increase. The sales growth was a result of MagneGas’ expansion into California, Texas and Louisiana through three acquisitions made earlier in 2018. The Company continued to experience improved sales in California, particularly in the agricultural cannabis sector and overall agricultural client base at the Company’s northern California operations managed under the Trico Welding Supplies brand. The Company also saw steady growth in the San Diego market, where operations are managed under the Complete Welding brand. The Texas market continued to
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