MagneGas (MNGA) Reports Q3 Loss Per Share of $0.05

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MagneGas Reports 326% Increase in Revenue for the Third Quarter of 2015; Gross Margins Improve 220 Basis Points

November 10, 2015 5:00 PM EST

TAMPA, Fla., Nov. 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 MagneGas2® fuel, today announced financial results and provided a business update for the third quarter ending September 30, 2015.

Third Quarter 2015 Financial Highlights

Revenue for the third quarter of 2015 increased 326% to $623,893 compared to $146,400 for the same period last year; Revenue for third quarter of 2015 increased 7% sequentially compared to the second quarter of 2015; Gross margin for the... More