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Posted On: 12/30/2019 1:10:02 PM
Post# of 40318
$PBIO 2019 3rd Qtr Financial Results: Q3 2019 vs. Q3 2018 as Products and services revenue was $501,200 for the 2019 third quarter compared to $461,000 for the same quarter of 2018, a 9% increase. Sales of consumables were $112,000 for the third quarter of 2019 compared to $43,400 for the same period in 2018, a 158% increase. Sales of instruments totaled $185,800 in Q3 2019 compared to $250,200 in Q3 2018, a decrease of 26%. Contracted scientific services for protein refolding (“BaroFold”) applications and Ultra-Shear Technology™ (“UST™”) services provided revenue of $149,200 in Q3 2019, compared to $79,800 in Q3 2018, an increase of 87%. We reported no grant revenue in the third quarter of 2019 compared to $60,800 of grant revenue in the same quarter of 2018.
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