Regi U.S., Inc. Reports Earnings Results for the Third Quarter Ended January 31, 2020
April 25, 2020 at 02:55 am IST
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REGI U.S., Inc. announced earnings results for the third quarter ended January 31, 2020. For the third quarter, the company announced sales was USD 37,750 compared to USD 35,000 a year ago. Operating loss was USD 158,081 compared to USD 226,106 a year ago. Net loss was USD 343,492 compared to USD 988,733 a year ago. Basic eps was USD 0 compared to basic loss per share of USD 0.01 a year ago. For the nine months, sales was USD 62,750 compared to USD 75,000 a year ago. Operating loss was USD 847,762 compared to USD 710,466 a year ago. Net loss was USD 996,283 compared to USD 1.766 million a year ago. Basic loss per share was USD 0.01 compared to USD 0.02 a year ago.
REGI U.S., Inc., through its wholly owned subsidiary, RadMax Technologies, Inc., is a research and development company. The Company is focused on creating new technologies and is developing and commercializing high efficiency engines, compressors, expanders, and pumps for civilian, commercial and government applications based on its patented RadMax axial vane-type rotary technology. The Companyâs products include gas expanders, compressors and pumps and power generation devices. Its focus is on developing devices that reduce carbon footprint, device size, weight, and parts count, while enhancing fuel and manufacturing efficiencies over incumbent technologies.
REGI U.S., INC. 
