Reflect Scientific, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 02:27 am IST
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Reflect Scientific, 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 0.253233 million compared to USD 0.716145 million a year ago. Net loss was USD 0.133922 million compared to net income of USD 0.159889 million a year ago.
For the nine months, sales was USD 1.56 million compared to USD 1.99 million a year ago. Net income was USD 0.150708 million compared to USD 0.578438 million 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. 
