Flexpoint Sensor Systems Inc. Provides Earnings Guidance for the Second Quarter of 2016
May 23, 2016 at 09:00 am
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Flexpoint Sensor Systems Inc. provided earnings guidance for the second quarter of 2016. The company anticipates revenue in second quarter 2016 to grow at least 300% over revenues for the first quarter and exceed last years' total of $138,347 and net loss per share remained the same at 0.01.
Flexpoint Sensor Systems, Inc. is principally engaged in designing, engineering and manufacturing bend sensor technology and products using its patented Bend Sensor technology. The Bend Sensor is a flexible potentiometer; the bend sensor consists of a coated substrate, such as plastic, that changes electrical conductivity as it is bent in a consistent manner. The electronic systems connect to this sensor and measure in detail the amount of bending or movement that occurs in a predictable manner. It has developed various applications and devices using the Bend Sensor technology and is marketing these items: glove systems, automotive products, flow control applications, monitoring systems, swell sensor and other applications. These glove systems, combined with edge software applications, also adapt to a range of other applications, including health rehabilitation, unmanned systems control, smartphone interaction and professional training across multiple industries.