“The supply chain issues plaguing
The following unaudited table summarizes revenue, cost of goods sold, and operating expenses for the three months ended
Three Months Ended 2022 | Three Months Ended June 30, 2021 | Increase (Decrease) | |||||
Revenue | $ | 555,615 | $ | 707,133 | $ | (151,518 | ) |
Cost of Goods Sold | 195,821 | 235,179 | (39,358 | ) | |||
Gross Profit | 359,794 | 471,954 | (112,160 | ) | |||
Operating expenses: | |||||||
Salaries and wages | 159,565 | 146,116 | 13,449 | ||||
Research and development expense | 18,329 | 19,456 | (1,127 | ) | |||
General and administrative expense | 103,775 | 135,601 | (31,826 | ) | |||
Total operating expenses | 281,669 | 301,173 | (19,656 | ) | |||
Income (loss) from operations | 78,125 | 170,781 | (92,656 | ) | |||
Net income (loss) | $ | 78,125 | $ | 170,781 | $ | (92,656 | ) |
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of the disclosures contained in the filings of the Company that are contained in the
ContactThomas Tait 801-607-1039 investor_relations@reflectscientific.com
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