MagneGas (MNGA) Reports Q2 Loss Per Share of $0.05
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MagneGas Reports Financial Results for the Second Quarter of 2015
August 10, 2015 4:01 PM EDTTAMPA, Fla., Aug. 10, 2015 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, today announced financial results for the second quarter ending June 30, 2015.
Second Quarter 2015 Financial Highlights
Revenues for the three month period ended June 30, 2015 increased 228% over the same period in 2014 and were $584,445 and $178,330, respectively; Revenues for three month period ended June 30, 2015 increased 7% over March 31, 2015 and were $584,445 and $545,648, respectively; Gross margins increased 623 basis points to 36% from 30% for the three... More