dynaCERT Q1 Highlights:
- Revenue of $1,380,350 on the delivery of 215 HG1 units
- Gross profit of $653,502
- Gross margin of 47%
- Net operating income before stock based compensation of $199,188
- Net income of $482,175
- Cash balance at the end of Q1 of $1,093,944
Robert Maier, COO of dynaCERT, states, “We are executing well and gaining traction as we focus on the foundation of strong distributor relationships. We are expanding into other markets for our suite of HydraGENTM products.“
“I am pleased with our first quarter results as we commenced commercial sales,” said Jim Payne, President and CEO of dynaCERT. “We are strengthening our management team and support for sales and product installation. The growth potential for sales is both exciting and challenging as we transform from an R&D company into a sales and manufacturing organization.”