Electromedical Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 03:18 am IST
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Electromedical Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.225251 million compared to USD 0.202954 million a year ago. Net loss was USD 0.535931 million compared to USD 0.774532 million a year ago.
For the six months, sales was USD 0.447145 million compared to USD 0.369394 million a year ago. Net loss was USD 1.68 million compared to USD 3.33 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.22 a year ago.
Electromedical Technologies, Inc. is a bioelectronics manufacturing company. The Company develops and manufactures electrical stimulation equipment with over 10,000 stimulators across the United Kingdom and internationally. It offers United States Food and Drug Administration cleared medical devices for pain management. Its products and services include WellnessPro Plus, WellnessPro POD and Wellness ION Pen. WellnessPro Plus, its principal product, is a technologically advanced transcutaneous electrical nerve stimulation (TENS) therapy device. Its proprietary DeepPulse pre-modulation technology allows signals to penetrate deeper into affected areas. WellnessPro POD is a clinical-grade wearable device. Wellness ION Pen is an interferential cold laser used to deliver targeted frequency stimulation. Its Wellness line of products is intended for anyone living with pain caused by various medical conditions or trauma, or who is battling pharmaceutical (e.g., opioid) dependency or addiction.