Flexpoint Sensor Systems, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 17, 2021 at 10:54 am EDT
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Flexpoint Sensor Systems, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 79,554 compared to USD 42,195 a year ago. Operating loss was USD 133,931 compared to USD 139,826 a year ago. Net loss was USD 96,318 compared to USD 178,943 a year ago. For the half year, sales was USD 99,844 compared to USD 81,298 a year ago. Operating loss was USD 321,505 compared to USD 356,082 a year ago. Net loss was USD 307,785 compared to USD 433,606 a year ago.
Flexpoint Sensor Systems, Inc. is principally engaged in designing, engineering and manufacturing bend sensor technology and products using its patented Bend Sensor technology. The Bend Sensor is a flexible potentiometer; the bend sensor consists of a coated substrate, such as plastic, that changes electrical conductivity as it is bent in a consistent manner. The electronic systems connect to this sensor and measure in detail the amount of bending or movement that occurs in a predictable manner. It has developed various applications and devices using the Bend Sensor technology and is marketing these items: glove systems, automotive products, flow control applications, monitoring systems, swell sensor and other applications. These glove systems, combined with edge software applications, also adapt to a range of other applications, including health rehabilitation, unmanned systems control, smartphone interaction and professional training across multiple industries.