Stocks In News This Week: $PBIO https://thestr
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https://thestreetreports.com/stocks-in-news-t...cftn-gevi/
Pressure BioSciences Inc (OTC BIO) – High pressure-based equipment manufacturer and developer Pressure BioSciences Inc announced its financial results for the first fiscal quarter that ended March 31, 2023, this week.
The company brought in total revenues of $740600, which worked out to a year-on-year rise of 54% from the prior year period. The instrument sales soared by as much as 74% year on year to $427,500. The operating loss suffered by the company in the quarter was $3,637,700 and that was much higher than the operating loss of $1,086,300. The operating losses soared due to a non-cash expense of $1,480,900.