Business
Seychelle Reports Results for the Third Fiscal Quarter and Nine Months Ended November 30, 2018
Seychelle Reports Results for the Third Fiscal Quarter and Nine Months Ended November 30, 2018.
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, 2018, Revenue was $609,444, \n compared to $1,629,324 in the prior year’s fiscal quarter. Seychelle had \n a Net loss of $126,258 for the fiscal quarter ended November 30, 2018, \n or ($.00) per share, compared to prior year's fiscal quarter Net income \n of $246,618, or $.01 per share.\n \n \n For the Nine Months ended November 30, 2018, Revenue was $2,479,023, \n compared to $3,829,465 in the prior year’s nine month period. Seychelle \n had Net loss of $163,087 for the nine month ended November 30, 2018, or \n ($.01) per share, compared to prior year's nine months’ Net income of \n $491,995, or $.02 per share.\n \n \n In fiscal year 2018 a significant portion of our revenues came from \n organizations which were engaged in natural disaster relief activities. \n In fiscal year 2019, we did not have the same level of natural disaster \n revenues and did not replace these customers. As a result our revenue \n decreased. We have refocused our attention in replacing our customer \n revenue by expanding our scope with other organizations and will \n continue to do so. Seychelle is also working on making strong \n developmental advances to bring new drinking water technologies to \n expand the current products we have on the market. We believe that as \n many as four new products could be ready for distribution within the \n next sixty days. These improvements could favorably impact our earnings \n and help future sales. Our backorder status remains strong.\n \n \n We anticipate the Seychelle Omni Straw (SOS) sales to be strong. The \n 28oz portable advanced products have been specifically improved to reach \n the national and international military and disaster preparedness \n markets.\n \n \n We believe that interest in our international products is increasing, \n with potential sales to aid in preparations for current disasters and \n safe drinking water demands. For example, Japan has had a representative \n visiting Seychelle to preliminarily discuss our Radiation ...