Pressure BioSciences, Inc. Reports Q2 2023 Financial Results, Provides Business Update, and Offers Guidance for 2nd Half 2023
PRESSURE BIOSCIENCES (PBIO)
US:NASDAQ Investor Relations:
ir.pressurebiosciences.com
Company Research
Source: Accesswire
Investor Call Scheduled for Tuesday, August 22, 2023 at 4:30 p.m. ETSOUTH EASTON, MA / ACCESSWIRE / August 22, 2023 / Pressure BioSciences, Inc. (OTCQB:PBIO) ("PBI" or the "Company"), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and specialty testing services to the worldwide biotechnology, biotherapeutics, nutraceuticals, cosmeceuticals, agriculture, and food & beverage industries, today reported financial results for the second quarter ended June 30, 2023, provided a business update, and offered limited guidance for expected achievements through the remainder of 2023.Financial Highlights: Q2 2023 vs. Q2 2022 (rounded to nearest hundred except EPS)Total revenue for Q2 2023 was $511,800, an increase of 3% from $498,100 for Q2 2022.Instrument/Consumable sales for Q2 2023 were $445,500 an increase of 13% from $388,100 for Q2 2022.BaroFold/UltraShear services in Q2 2023 were $30,700 compared to $110,000 for Q2 2022, a decrease of 72%;
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