Flexpoint Sensor Systems, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 09:29 pm
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Flexpoint Sensor Systems, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 54,209 compared to USD 72,208 a year ago. Operating loss was USD 167,948 compared to USD 132,838 a year ago. Net loss was USD 341,613 compared to USD 122,603 a year ago. For the nine months, sales was USD 691,250 compared to USD 202,630 a year ago. Operating income was USD 27,843 compared to operating loss of USD 440,048 a year ago. Net loss was USD 500,950 compared to USD 384,458 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to Basic EPS - Continuing Operations of USD 0 a year ago.
Flexpoint Sensor Systems, Inc. is principally engaged in designing, engineering and manufacturing bend sensor technology and products using its patented Bend Sensor technology. The Bend Sensor is a flexible potentiometer; the bend sensor consists of a coated substrate, such as plastic, that changes electrical conductivity as it is bent in a consistent manner. The electronic systems connect to this sensor and measure in detail the amount of bending or movement that occurs in a predictable manner. It has developed various applications and devices using the Bend Sensor technology and is marketing these items: glove systems, automotive products, flow control applications, monitoring systems, swell sensor and other applications. These glove systems, combined with edge software applications, also adapt to a range of other applications, including health rehabilitation, unmanned systems control, smartphone interaction and professional training across multiple industries.
FLEXPOINT SENSOR SYSTEMS, INC. 
