Puradyn Filter Technologies Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company recorded net sales were $829,402 compared to $564,294 for the same period a year ago. Net sales rose 47% principally due to increased purchases by three customers as well as an OEM, a major distributor, and initial new distributor demand. Approximately 57% of third quarter net sales represent replacement filter elements, with the balance representing new filtration systems and filtration application kits. Loss from operations was $217,238 compared to $315,216 for the same period a year ago. Loss before income taxes was $282,073 compared to $234,861 for the same period a year ago. Net loss was $282,073 or $0.01 per basic and diluted share compared to $234,861 or $0.00 per basic and diluted share for the same period a year ago. The third quarter 2013 period benefitted from $136,000 of other income from a one-time payment of a legal judgment by a third party.

For the nine months, the company reported net sales were $2,496,584 compared to $1,739,172 for the same period a year ago. Loss from operations was $565,823 compared to $1,112,225 for the same period a year ago. Loss before income taxes was $751,676 compared to $1,125,762 for the same period a year ago. Net loss was $751,676 or $0.02 per basic and diluted share compared to $1,125,762 or $0.02 per basic and diluted share for the same period a year ago.