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California Nanotechnologies Announces Q1/FY2021 Results
Company announces $157K revenue for Q1 LOS ANGELES, CA / ACCESSWIRE / July 31, 2020 / ...
About this update from California Nanotechnologies Corp.
[{"type":"text","content":"California Nanotechnologies Announces Q1/FY2021 ResultsCompany announces $157K revenue for Q1LOS ANGELES, CA / ACCESSWIRE / July 31, 2020 / California Nanotechnologies Corp. (\"Cal Nano\" or the \"Company\")(TSXV:CNO)(OTC PINK:CANOF) is pleased to announce that revenue for the quarter ending May, 30, 2020 was $157,537. This represents an increase of 20% from Q1 F2020. EPS were nil in Q1 F2020 and Q1 F2021. The full financial statements available at sedar.com. Division Sales YearSpark Plasma SinteringResearch and DevelopmentSport and Recreation 202075%20%5% 201949%30%21% While revenue was up, our results were impacted due to delays in certain programs along with SPS service & installation trips due to the COVID-19 pandemic. \"These programs have been pushed to Q2/Q3 F2021 so we are expecting more positive results for the upcoming quarters\" stated CEO Eric Eyerman.For further information, please contact: Eric Eyerman, CEOT: (562)-991-5211E: [email protected]: www.calnanocorp.comReader AdvisoryExcept for statements of historical fact, this news release contains certain \"forward-looking information\" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as \"plan\", \"expect\", \"project\", \"intend\", \"believe\", \"anticipate\", \"estimate\" and other similar words, or statements that certain events or conditions \"may\" or \"will\" occur. In particular, forward-looking information in this press release includes, but is not limited to the expected future performance of the Company. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to...