CALIFORNIA NANOTECHNOLOGIES REPORTS SIGNIFICANT POSITIVE CASH FLOW AND NET INCOME IN THIRD QUARTER
Created at :
Feb 25, 2016
TSX VENTURE: CNO
CERRITOS, CA, February 25, 2016 - California Nanotechnologies Corp. ("Cal Nano" or the "Company") is pleased to report financial results for the first nine months of fiscal 2016 which ended November 30, 2015. In the March to November period, revenues on a US basis, increased by 10% to $330,216 US, compared to $299,179 US during the same period last year.
Cal Nano’s net loss for the first nine months was $90,718 US, a significant improvement from a loss of $205,180 US in the same period last year. Overall operating expenses of $360,631 US were lower by 34% when compared to the prior period.