Flexpoint Sensor Systems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 03:48 am IST
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Flexpoint Sensor Systems, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.023957 million compared to USD 0.055823 million a year ago. Net loss was USD 0.204213 million compared to USD 0.138896 million a year ago.
For the nine months, sales was USD 0.120896 million compared to USD 0.155667 million a year ago. Net loss was USD 0.654118 million compared to USD 0.446681 million a year ago. Basic loss per share from continuing operations was USD 0.01.
Flexpoint Sensor Systems, Inc. is principally engaged in designing, engineering and manufacturing bend sensor technology and products using its patented Bend Sensor technology. The Bend Sensor is a flexible potentiometer; the bend sensor consists of a coated substrate, such as plastic, that changes electrical conductivity as it is bent in a consistent manner. The electronic systems connect to this sensor and measure in detail the amount of bending or movement that occurs in a predictable manner. It has developed various applications and devices using the Bend Sensor technology and is marketing these items: glove systems, automotive products, flow control applications, monitoring systems, swell sensor and other applications. These glove systems, combined with edge software applications, also adapt to a range of other applications, including health rehabilitation, unmanned systems control, smartphone interaction and professional training across multiple industries.
FLEXPOINT SENSOR SYSTEMS, INC. 
