Reflect Scientific, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 05:30 pm
Share
Reflect Scientific, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.716145 million compared to USD 0.610085 million a year ago. Net income was USD 0.159889 million compared to USD 0.204188 million a year ago.
For the nine months, sales was USD 1.99 million compared to USD 2.1 million a year ago. Net income was USD 0.578438 million compared to USD 0.344329 million a year ago. Basic earnings per share from continuing operations was USD 0.01.
Reflect Scientific, Inc. designs, develops and sells scientific equipment for the life sciences and manufacturing industries. The Companyâs product portfolio includes ultra-low temperature freezers, blast freezers, solvent chillers and refrigerated transportation in addition to supplying original equipment manufacturer (OEM) products to the life sciences industry. The Company's brand Cryometrix is an ultra-low temperature and blast freezer design that enables its customers to save substantially on energy costs related to cryogenic storage. The Company also offers Solvent chillers, which are used in natural product extraction for optimizing product yield and purity. Its products range from non-mechanical Cyrometrix freezers and value-added products and components for the life sciences industry to tools and analytical services for industrial manufacturing. Its customers include hospitals, diagnostic laboratories, pharmaceutical and biotech companies, cold chain management and others.