Reflect Scientific, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 17, 2021 at 02:57 am IST
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Reflect Scientific, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 707,133 compared to USD 502,906 a year ago. Operating income was USD 170,781 compared to operating loss of USD 25,443 a year ago. Net income was USD 170,781 compared to net loss of USD 25,454 a year ago. For the half year, sales was USD 1.269 million compared to USD 1.486 million a year ago. Operating income was USD 307,284 compared to USD 140,273 a year ago. Net income was USD 418,549 compared to USD 140,141 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.