MagneGas (MNGA) Reports Q2 Loss of $0.10/Share
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MagneGas Reports 43% Increase in Revenue for the Second Quarter of 2016
August 15, 2016 8:01 AM EDTTAMPA, Florida, Aug. 15, 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 MagneGas2® fuel, today announced financial results and provided a business update for the second quarter ending June 30, 2016.
Second Quarter 2016 Financial Highlights
Revenue for the three months ended June 30, 2016 increased 43% to $837,257 compared to $584,445 for the same period last year; Revenue for the six months ended June 30, 2016 increased 33% to $1.5 million compared to $1.1 million for... More