Aurasource, Inc. Reports Earnings Results for the Third Quarter Ended December 31, 2019
January 31, 2020 at 11:05 am
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AuraSource, Inc. announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced operating loss was USD 125,252 compared to USD 493,362 a year ago. Net loss was USD 180,118 compared to USD 549,456 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the nine months, sales was USD 35,000 compared to USD 0 a year ago. Operating loss was USD 502,655 compared to USD 843,351 a year ago. Net loss was USD 689,308 compared to USD 993,740 a year ago. Basic 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. 
