EVIO, Inc. Announces Earnings Results for the Fourth Quarter and Fiscal Year Ended September 30, 2017
January 18, 2018 at 08:30 am
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EVIO, Inc. announced earnings results for the fourth quarter and fiscal year ended September 30, 2017. For Fiscal Year 2017, revenue was $3,021,030, an increase of 438% on a year over year basis. majority of the growth came from increased testing revenue, which was up 782%, while consulting services increased by 27%.
Fourth quarter revenues were $742,633, an increase of 339% over the same period in 2016. Gross profit margin increased from 6% in 2016 to 19% in Fiscal Year 2017.
EVIO, Inc. is a diversified holding company. The Company provides analytical testing services to the agricultural and pharmaceutical industries, primarily for cannabis, hemp, and related products. The Company offers residential and commercial construction services. The Company also offers research and development and consulting services for participants in the cannabis and hemp industries. The Company tests products to verify the regulatory requirements for sale. Its subsidiaries include Smith Scientific Industries, LLC; Greenhaus Analytical Labs, LLC; Viridis Analytics, LLC; EVIO Labs OR, Inc.; C3 Labs, LLC; EVIO Labs Humboldt, LLC and Keystone Labs, Inc.
EVIO, INC. 
