ADM Tronics Unlimited, Inc. (OTCQB: ADMT), a technology-based developer and manufacturer of innovative technologies and products, today announced results for its first quarter ended June 30, 2016 of Fiscal Year 2016.
Revenues for the three months ended June 30, 2015 were $1,055,928 as compared to $623,674 for the three months ended June 30, 2014, an increase of 69%. Net profit for the first quarter was $434,548 or $0.01 per share as compared to $35,828 for the same period last year, an increase of 1,113%. Complete financial results are available in the Company’s Quarterly Report on Form 10Q available at www.sec.gov.
As previously announced, on August 7, 2015 ADMT secured a strategic investment of $300,000 from its customer Advanced Plasma Therapies, Inc. (“APTâ€) and issued 2,068,965 shares of ADMT’s common stock to APT, such shares are restricted securities and have not been registered for public sale. The strategic investment occurred after the end of the June 30, 2015 first fiscal quarter. Therefore, the share amounts reflected above do not include the shares issued to APT.
“We are continuing the positive strides achieved over the past fiscal year into this new fiscal year,†stated Andre’ DiMino, President of ADMT. Our positive financial results are fueling our growth with positive cash flow from our operations. We expect continued growth in our medical device engineering segment. And, with the added capital from operations, as well as the recent strategic investment received from APT, we plan to advance our proprietary medical device projects as well.â€
ADM Tronics Unlimited, Inc.