2020 was the year to build the company for growth. They
2020 was the year to build the company for growth. They accomplished that with the addition of new level 1,2 and 3 distributors. They increased Annihilyzer leases into more U.S hospitals. UK came online with PCT Europe. This relationship brought NTH Solutions on board which is owned by NHS the National Health Care system of the UK. NTH has a deal with Filta a international company that will use HTH's HOCL for disinfection to their clients. PCT developed the O&G side with a 1M gallon deal with Maverick. Zerorez Franchising Systems, Inc. with revenues of 650M came on board using PCTL's HOCL fluids. Kleen Start disinfection Solution systems also came on in Q4.
The above along with PCT in house fluid sales was responsible for record revs in Q1 and 2. Q3 was slightly lower due to new distributors coming online and not contributing to Q3 revs.
The company has gone from revs of 220K in to 800+k in 2019 and guidance of 4M in 2020. The company also stated 10M in revenue for 2021.
Considerable debt reduction also occurred in 2020. Convertible notes were paid off during the year. Most recently 2.1M in notes which included 447M in warrants were paid off with new financing from RB Capital. RBC 700K loan has a floor of .15-.20 (nontoxic). The company will be moving to the OTC QB and should continue to see operational profitability. The removal of the derivatives from the clearing of the warrants and toxic notes will improve the balance sheet by 10M or so.
The company made huge strides in 2020 setting themselves up for major growth and revenue in 2021.This is just a sample of what's been going on.
Do you own DD , at current levels the SP is oversold.
PCT Ltd. (PCTL) Stock Research Links
Flippers, day traders might make a few dollars here and there but the long term investor will become wealthy with 1/2 the work.
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