SECFilings.com : Reports on Pressure BioSciences' Q1 2016 Financial Results
May 25, 2016 at 12:08 pm
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REDONDO BEACH, CA--(Marketwired - May 25, 2016) - SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, takes a deeper dive into Pressure BioSciences Inc.'s (OTCQB: PBIO) recently filed first quarter 2016 financial results.
Pressure BioSciences, a developer of proprietary laboratory instrumentation and consumables for the $6 billion life sciences sample preparation industry, recently reported first quarter 2016 revenue that jumped 26% year-over-year, which allowed the company to exceed the $500,000 revenue threshold for only the second time in its history. These gains were driven by strong organic growth in the company's instrument and consumable sales that were partially offset by lower grant revenue. In this article, SECFilings.com takes a deeper look at the company's strong first quarter financial results and several upcoming catalysts that investors may want to watch.
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Pressure BioSciences, Inc. is engaged in providing broadly enabling, high pressure-based solutions for a range of industries, including biotechnology, pharmaceutical, nutraceutical, cosmeceutical, and agrochemical, as well as food and beverage manufacturing. The Company's enabling platform, Pressure Cycling Technology (PCT), utilizes alternating cycles of pressure to control bio-molecular interactions (such as cell lysis and biomolecule extraction) safely and reproducibly. The Company's BaroFold technology platform allows it to enter the bio-pharma contract services and GMP manufacturing equipment sector. It has also developed the scalable and pressure-based UltraShear Technology platform, which allows for the creation of stable nanoemulsions of otherwise immiscible fluids. It also allows for the preparation of homogenized, extended shelf-life or room temperature-stable low-acid liquid foods that cannot be preserved using existing non-thermal technologies.