Business
BDIC Reports Record Revenues: Announces Second Quarter 2017 Results
BDIC Reports Record Revenues: Announces Second Quarter 2017 Results.
About this update from Leet Inc.
[{"type":"text","content":"\n \n \n BDIC Reports Record Revenues: Announces Second Quarter 2017 Results\n \n \nBDIC Reports Record Revenues: Announces Second Quarter 2017 Results\n\nBDIC Reports Record Revenues: Announces Record Breaking Second Quarter 2017 Results\n\n \n LOS ANGELES, CA--(Marketwired - Aug 22, 2017) - Blow and Drive Interlock Corporation (OTCQB: BDIC), yesterday announced results for the fiscal quarter ended June 2017. BDIC is pleased to announce record breaking revenues during the second quarter of 2017. \n • Second quarter revenue increased 227% year-over-year. \n • Second quarter gross profit increased 212% year-over-year.\n • BDIC Eclipses over $1,000,000 worth of BDI-747 Monitoring Units leased and on reoccurring billing model.\n Blow & Drive\n Consolidated Statements of Operations\n \n \n \n  \n Three Months Ended June 30,\n \n \n  \n 2017\n  \n 2016\n \n \n  \n  \n  \n  \n  \n  \n \n \n Monitoring revenues\n $\n 204,738\n  \n $\n 95,176\n \n \n Distributorship revenues\n  \n 106,719\n  \n  \n -\n \n \n Total revenues\n  \n 311,457\n  \n  \n 95,176\n \n \n  \n  \n  \n  \n  \n  \n \n \n Monitoring cost of revenue\n  \n 46,085\n  \n  \n 11,163\n \n \n Distributorship cost of revenues\n  \n 2,500\n  \n  \n -\n \n \n Total cost of revenues\n  \n 48,585\n  \n  \n 11,163\n \n \n Gross Profit\n  \n 262,872\n  \n  \n 84,013\n \n \n \n Commenting on the results, Laurence Wainer, BDIC's chief executive officer said \"I am pleased to report a record breaking quarter. BDIC grew faster than the market across all geographies driven by success with our wireless ignition interlock product. Our phones continue to ring off the hook as we continue to generate significant sales growth in California, Oregon and Arizona; the 3 states where we have significant infrastructure and aggressive marketing campaigns. As funds for our production become more available, all we need do is turn on the marketing tap in the other nine states where we are approved and we could easily capture significantly more market share, putting thousands of more units on the road.\n As we move into the second half of the fiscal year, we plan to refine our manufacturing process and increase our...