MagneGas Provides Business Update for the Second Quarter of 2018
MAGNEGAS (MNGA)
Last magnegas earnings: 11/14 08:00 am
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
More than 200% Quarterly Revenue Increase from Last Year TAMPA, Fla., Aug. 14, 2018 (GLOBE NEWSWIRE) -- MagneGas Corporation (“MagneGas” or the “Company”) (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, today announced financial results and provided a business update for the second quarter ended June 30, 2018. Ermanno Santilli, Chief Executive Officer of MagneGas, stated, “The strong momentum MagneGas gained from reaching higher revenues in first quarter of 2018 continued on into the second quarter. With each strategic acquisition and subsequent expansion, more customers and potential partners are recognizing the way our MagneGas2® is transforming their industries in a positive and environmentally-focused way. Revenue for the second quarter, ended June 30, 2018 increased 201% to $2.9 million, largely driven by our sales expansion brought on by the Trico Welding acquisition in April. We continue
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