AuraSource, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 11:22 am
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AuraSource, Inc. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was USD 0.1205 million. Net loss was USD 0.210427 million compared to USD 0.304103 million a year ago.
For the nine months, sales was USD 0.1205 million. Net loss was USD 0.690619 million compared to USD 0.888069 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
AuraSource, Inc. has divided its activities into two divisions: AuraMetal and AuraMoto. AuraMetal is focused on the development and production of processes for materials as industrial application solutions. AuraSourceâs core technology includes physical separation, hydrometallurgical and pyrometallurgy processes. It has developed seven patented technologies, including ultrafine grinding and ultrafine separation. AuraMoto is focused on sourcing various vendors and customers in the automotive industry. Its technology separates commercially valuable minerals from other ores. The ultrafine grinding technology utilizes a fluid shock wave to grind slurry materials into ultrafine scale. The ultrafine separation separates different size particles with different densities in the slurry. Its technology enables particle separation by applying 10-100 gravity, which allows impurities and unwanted substances to be removed.
AURASOURCE, INC. 
