The Pulse Beverage Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
The Pulse Beverage Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net sales of $656,749 compared to $992,997 a year ago. Net operating loss was $423,046 compared to $433,786 a year ago. Net loss from continuing operations was $683,262 compared to $445,585 a year ago. Net loss was $683,262 or $0.01 per basic and diluted share compared to $445,585 or $0.01 per basic and diluted share a year ago.
For the nine months, the company reported net sales of $2,299,757 compared to $2,896,870 a year ago. Net operating loss was $1,129,583 compared to $1,318,052 a year ago. Net loss from continuing operations was $1,713,120 compared to $1,330,272 a year ago. Net loss was $1,816,800 or $0.03 per basic and diluted share compared to $1,330,272 or $0.02 per basic and diluted share a year ago. Net cash used in operating activities was $803,785 compared to $1,049,413 a year ago. Purchase of property and equipment was $17,124 compared to $44,998 a year ago. Acquisition of intangible assets was $5,422 compared to $8,576 a year ago.