Reflect Scientific, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 30, 2021 at 06:30 pm IST
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Reflect Scientific, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 2.792 million compared to USD 1.609 million a year ago. Operating income was USD 651,005 compared to operating loss of USD 194,833 a year ago. Net income was USD 660,115 compared to net loss of USD 195,588 a year ago.
Reflect Scientific, Inc. designs, develops and sells scientific equipment for the life sciences and manufacturing industries. The Companyâs product portfolio includes ultra-low temperature freezers, blast freezers, solvent chillers and refrigerated transportation in addition to supplying original equipment manufacturer (OEM) products to the life sciences industry. The Company's brand Cryometrix is an ultra-low temperature and blast freezer design that enables its customers to save substantially on energy costs related to cryogenic storage. The Company also offers Solvent chillers, which are used in natural product extraction for optimizing product yield and purity. Its products range from non-mechanical Cyrometrix freezers and value-added products and components for the life sciences industry to tools and analytical services for industrial manufacturing. Its customers include hospitals, diagnostic laboratories, pharmaceutical and biotech companies, cold chain management and others.
REFLECT SCIENTIFIC, INC. 
