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California Nanotechnologies Announces Q2/FY2022 Results
Company announces $168K revenue for Q2/FY2022 Thermoelectrics customer increases order...
About this update from California Nanotechnologies Corp.
[{"type":"text","content":"California Nanotechnologies Announces Q2/FY2022 ResultsCompany announces $168K revenue for Q2/FY2022Thermoelectrics customer increases ordersLOS ANGELES, CA / ACCESSWIRE / November 1, 2021 / California Nanotechnologies Corp. (TSXV:CNO)(OTC PINK:CANOF) (\"Cal Nano\" or the \"Company\") is pleased to announce that revenue for the quarter ending August 31, 2021 was $168,155. This is compared to $287,768 for Q2/F2021. EPS were nil in both Q2/F2021 and Q2/F2022. The full financial statements are available on SEDAR and the Company website.During Q2 F2022, Cal Nano has received numerous orders that is expected to positively contribute to a strong Q3 performance. Cal Nano's thermoelectric customer has increased the value of the previously-announced SPS production orders from $245,000 to $290,000. The increase is associated with expediting the previous order as well as increasing the quantity of wafers ordered. Cal Nano will continue to fulfill its current backlog, in time, for current programs and orders for its aerospace and US National Labs customers while preparing for this production run.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 u...