CALIFORNIA NANOTECHNOLOGIES ANNOUNCES POSITIVE Q2/FY2021 RESULTS
Created at :
Oct 29, 2020
TSX VENTURE: CNO
LOS ANGELES, CALIFORNIA, October 29th , 2020 - California Nanotechnologies Corp. ("Cal Nano" or the "Company") is pleased to announce that revenue for the quarter ending August 31, 2020 was $287,768. This represents the 2 nd largest quarterly revenue in the Company’s history. Net income for the quarter was $20,365. The full financial statements available at sedar.com.
The Company has achieved six month revenue of $455,305 which is an increase 8.2% or $24,547 from the same period last year, of $420,758. “Our ongoing collaboration with Idaho National Lab and other industry leaders with programs involving both cryomilling and SPS contributed to record revenue for the first half of the fiscal year” stated Eric Eyerman, CEO.
Cal Nano is pleased to announce that it continues to add new customers to its portfolio and the number of R&D arrangements with the both new and existing customers continues to grow. Cal Nano has added over a dozen new customers for new R&D projects using our expertise in cryomilling and SPS capabilities. “These new customers, are expanding our production capabilities and driving our higher revenue performance for this quarter” stated Eric Eyerman, CEO.
For further information, please contact:
Eric Eyerman, CEO