Category Archives: record revenues

MRI Interventions Reports 52% Increase in First Quarter Revenue

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Record $2.5 million quarterly revenue driven by growth across entire portfolio OTCQB: MRIC) (the “Company”) today announced financial results for its first fiscal quarter ended March 31, 2019.

First Quarter 2019 Highlights

  • Increased first quarter revenue 52% year-over-year to $2.5 million.
  • Reported $1.6 million in quarterly functional neurosurgery revenue, an increase of 38% over the prior year first quarter.
  • Reported biologics and drug delivery revenue of $382,000, an increase of 93% over the prior year, including first European shipments to Lysogene for use in their P4-SAF-302 trial.
  • Reported capital sales and other services revenue of $486,000, which includes two system sales; the systems sales, combined with three evaluation installations, bring total U.S. installed base to 63 systems.
  • Completed 175 procedures across the Company’s product portfolio.
  • Completed the transfer of the V-Tag 510(k) from Voyager Therapeutics, Inc. and completed initial clinical builds.
  • Generated gross margin of 64%.
  • Maintained reduction of cash used in operations to $609,000, which included annual bonus compensation and semi-annual interest payment.

Leatt Corp Announces Record Breaking Year; Reports Results for Fourth Quarter and Full Year 2018

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21% Increase in Revenues to $24.4 million; 404% Increase in Net Income to $1.2 million

Leatt Corporation (OTCQB: LEAT), a leading developer and marketer of protective equipment and ancillary products for many forms of sports, especially extreme high-velocity sports, today announced record financial results for the fourth quarter and full year ending December 31, 2018. All financial numbers are in U.S. dollars.

Capstone Companies, Inc. Reports Record Revenue of $8.9 million

~ Achieved record quarterly revenue of $8.9 million
~ Gross margin expanded 5.5 points to 23.9% of sales
~ Operating leverage drove operating income growth to $1.2 million
~ Net income of $1.1 million increased $1.8 million over a net loss in prior-year period
~ Raised third quarter 2016 revenue guidance to over $9.0 million
~ Uplist to OTCQB Venture Market scheduled for August 22, 2016

DEERFIELD BEACH, FL, August 15, 2016 – Capstone Companies, Inc. (OTC: CAPC, CAPCD) (“Capstone” or the “Company”), a designer of innovative LED lighting solutions including power failure lighting, today reported its financial results for the second quarter 2016.

Stewart Wallach, Capstone’s CEO, commented, “Our strong results for the quarter, with record revenue and solid profitability, reflect the great execution of our growth strategy by the Capstone team. Momentum continues to build with a growing number of consumers purchasing and enjoying our products at record levels. The holiday shopping season is our strongest period in the year, and we are expecting third quarter revenue to meet or exceed what we reported today for the second quarter.

B-Scada’s Fiscal Year-End 2014 Results Include Record-Setting Quarter

CRYSTAL RIVER, Fla., Jan. 27, 2015 (GLOBE NEWSWIRE) — B-Scada, Inc. (OTCQB:SCDA), a software solutions provider specializing in compelling visualization technology and HMI/SCADA products, today reported financial results for its year-end 2014 (FYE14) compared to year-end 2013 (FYE13).

FYE14 highlights compared with FYE13:

– Revenues were $2.038 million, an increase of $490,040 or 32% from $1.548 million
– Service revenues were generated from implementation of our software products and custom training provided to customers
– Net Income increased 18% to $1,029,563 an increase of $158,315 from $871,248
– 2014 Q4 was a record-setting quarter for B-Scada, with quarterly revenue reaching $620,000.

B-Scada’s release of Status Enterprise in early 2014 has been received well by the marketplace and currently has multiple deployments throughout various industries. Status Enterprise is currently deployed for power plant monitoring, glass manufacturing, boiler monitoring, plastic molding and more.

Data Call Technologies, Inc. Continues to Report Record Sales and Record Operational Profits

FRIENDSWOOD, TX–(Marketwired – Aug 4, 2014) – Data Call Technologies, Inc. (OTCBB: DCLT) (the “Company” or “Data Call”), listed on the OTC Bulletin Board (the “Exchange”), announced its financial results for the quarter ended June 30, 2014.

The company recognized as an industry pioneer since the earlier part of this decade, aggregates and provides fresh, updated news and information (infotainment) feeds include items such as in-game sports scores, weather and traffic information, as well as headline/financial news and information in products custom tailored for the Digital Signage space. The company continues with its steady upward growth.

Data Call today announced its financial results for the Quarter ended June 30, 2014. Revenues for the three months ended June 30, 2014 were $164,713 compared to $157,388 for the three-month period ended June 30, 2013, representing an increase of $7,325 or 4.7% during the same period in the prior year. The increase in revenues was mainly due to additional contracts and clients.

Costs of sales for the three months ended June 30, 2014 were $26,921 compared to $26,348 for the three-month period ended June 30, 2013, which represents an increase of $573. Costs of sales did not increase in direct proportion to an increase in revenues, as costs of sales are directly linked to the bandwidth required to provide the subscription services.

Net loss for the three months ended June 30, 2014 was $9,711 compared to a net loss of $641 for the three-month period ended June 30, 2013. The increase in our net loss is mainly due to the expense of stock options and warrants. Operational Profit for the quarter was $37,895 (2013: $100,307). Operational Profit is calculated by adding back the expense for non-cash items such as shares issued for services.