Business
Seychelle Reports Increased Revenues and Profitability for the Fiscal Quarter and Nine Months ended November 30, 2017
Seychelle Reports Increased Revenues and Profitability for the Fiscal Quarter and Nine Months ended November 30, 2017.
About this update from Seychelle Environmental Technologie
[{"type":"text","content":"\n \n Seychelle Water Filtration Products, a DBA of Seychelle Environmental \n Technologies, Inc. (Seychelle, we, us, our or the Company) (OTCQB: \n SYEV), a worldwide leader in the development, assembly and sale of \n proprietary portable water filtration bottles, made several \n announcements today.\n \n \n For the Fiscal Quarter ended November 30, 2017, Revenue was $1,629,324, \n compared to $1,257,844 in the prior year’s fiscal quarter. Seychelle had \n Net income of $246,618 for the fiscal quarter ended November 30, 2017, \n or $.01 per share, compared to prior year's fiscal quarter Net loss of \n $290,083, or ($.01) per share. Seychelle had a cash position of \n $1,776,482 at November 30, 2017, compared to a cash position of $732,112 \n at February 28, 2017.\n \n \n For the Nine Months ended November 30, 2017, Revenue was $3,829,465, \n compared to $2,885,212 in the prior year’s nine months period. Seychelle \n had Net income of $491,995 for the nine months ended November 30, 2017, \n or $.02 per share, compared to prior year's nine months’ Net loss of \n $877,041, or ($.03) per share.\n \n \n Seychelle continues to manage cost in line with current revenue. At this \n time it is too early to give definitive guidance regarding sales for the \n fourth fiscal quarter.\n \n \n This year, Seychelle products have expanded its sales efforts in the \n following international markets: Mexico, Sri Lanka, Vietnam, South \n Korea, Australia, New Zealand, Japan and China. Management intends to \n expand marketing activities to the international market and E-commerce.\n \n \n We recently completed testing in Sri Lanka and Vietnam. We also \n completed tests with the government of South Korea. All tests showed \n basically non-detectable levels on all inorganics/organics \n bacteriological contaminants.\n \n \n We have developed four new products for the disaster preparedness \n market. Our new products are an inline flat five phase filter that now \n includes five different phases of contaminant reduction including hollow \n fiber technology for final reduction of microbiological contaminants, \n two new products for our new Amazon marketing activities which include a \n pH pitcher that has a fast flow capability and a new pH bottle that is \n designed to eliminate all phases of contaminants; aesthetic, biological, \n ...