Wellness Center Usa, Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2020
June 26, 2020 at 05:05 pm
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Wellness Center USA, Inc. announced earnings results for the second quarter ended March 31, 2020. For the second quarter, the company announced total revenue was USD 5,000 compared to USD 12,875 a year ago. Operating loss was USD 418,130 compared to USD 530,443 a year ago. Net loss was USD 919,556 compared to USD 580,067 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the half year, total revenue was USD 5,000 compared to USD 25,750 a year ago. Operating loss was USD 755,403 compared to USD 1.001 million a year ago. Net loss was USD 1.244 million compared to USD 1.559 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
Wellness Center USA, Inc., through its subsidiaries, is engaged in the healthcare and medical sectors. The Companyâs segments include Medical Devices and Authentication and Encryption Products and Services. The segments are operated through Psoria-Shield Inc. (PSI) and StealthCo Inc. (SCI). PSI designs, develops, and markets a targeted UV phototherapy device called the Psoria-Light. The Psoria-Light is designated for use in targeted PUVA photochemistry and UVB phototherapy and is designed to treat certain skin conditions, including psoriasis, vitiligo, atopic dermatitis (eczema), seborrheic dermatitis, and leukoderma. SCI is a provider of Stealth Mark encryption and authentication solutions offering advanced technologies within the security and supply chain management vertical sectors (Intelligent Microparticles), and advanced data intelligence services offering technology for industries, companies, and agencies on a global scale (ActiveDuty).
WELLNESS CENTER USA, INC. 
