MagneGas (MNGA) Reports Q1 Loss Per Share of $0.04

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MagneGas Reports 22% Increase in Revenue in the First Quarter of 2016

May 16, 2016 8:02 AM EDT

TAMPA, Fla., May 16, 2016 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a technology company that counts among its inventions a patented process that converts renewable and liquid waste into MagneGas® fuels, today announced financial results and provided a business update for the first quarter ending March 31, 2016.

First Quarter 2016 Financial Highlights

Revenue for the first quarter of 2016 increased 22% to $665,663 compared to $545,648 for the same period last year; Revenue for the Company Industrial Gas Segment up 27% to $665,663 compared to $522,315 for the... More