CYMAT REPORTS SECOND QUARTER RESULTS FOR FISCAL 2023 – PR Newswire
Symbols: TSXV: CYM
OTCQB: CYMHF
MISSISSAUGA, ON, Jan. 3, 2023 /PRNewswire/ – Cymat Technologies Ltd. (TSXV: CYM) (OTCQB: CYMHF) (the “Company” or “Cymat“) is pleased to announce its results for the second quarter of the fiscal 2023 year – the three months ended October 31, 2022.
Sales for the quarter were approximately $1.0M in comparison to $0.4M for the comparable quarter of the last fiscal year. AlusionTM sales included significant orders shipped to Eastern Asia and an order for a large American-based internet search engine company. Current quarter sales also included sales of SmartMetalTM to an Asian Original Equipment Manufacturer (“OEM”) for under-belly blast protection on military personnel carriers as well as an order for protective material used in the French nuclear energy industry. Revenue in the comparative quarter were impacted by maintenance down-time on the casting line, with supply chain interruptions that extended the repair time beyond the typical timeframe.
The…
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source: https://news.oneseocompany.com/2023/01/03/cymat-reports-second-quarter-results-for-fiscal-2023-pr-newswire_2023010338699.html
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