Business
Seychelle Reports Increased Revenues and Profitability for the Fiscal Quarter and Six Months ended August 31, 2017
Seychelle Reports Increased Revenues and Profitability for the Fiscal Quarter and Six Months ended August 31, 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 August 31, 2017, Revenue was $991,934, \n compared to $728,232 in the prior year's fiscal quarter. Seychelle had \n Net income of $85,402 for the fiscal quarter ended August 31, 2017, or \n $.00 per share, compared to prior year's fiscal quarter Net loss of \n $148,466, or ($.01) per share. Seychelle had a cash position of \n $1,292,183 at August 31, 2017, compared to a cash position of $732,112 \n at February 28, 2017.\n \n \n For the Six Months ended August 31, 2017, Revenue was $2,200,141, \n compared to $1,627,368 in the prior year's six month period. Seychelle \n had Net income of $245,384 for the six months ended August 31, 2017, or \n $.01 per share, compared to prior year's six months' Net loss of \n $592,811, or ($.02) per share.\n \n \n Seychelle is managing its costs in line with current revenue. For Third \n Fiscal Quarter, we believe that we will see further increases in sales \n over our most recent Fiscal Quarter and a potential for increased net \n income.\n \n \n This year, Seychelle products has expanded its sales efforts in the \n following international markets: Mexico, Sri Lanka, Vietnam, South \n Korea, Australia, New Zealand, Japan and China. It is our intention to \n expand our marketing activities more strongly to the international \n 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 inline flat three phase filter, inline \n filter that now includes five different phases of contaminant reduction \n including hallow fiber technology for final reduction of microbiological \n contaminants, two new products for our new Amazon marketing activities, \n which include a pitcher that has a fast flow capability and a new pH \n bottle that eliminates all sources of cont...