Powerdyne International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 09:53 pm
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Powerdyne International, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.285224 million compared to USD 0.341928 million a year ago. Net loss was USD 0.076653 million compared to USD 0.043977 million a year ago.
For the six months, sales was USD 0.734598 million compared to USD 0.373985 million a year ago. Net loss was USD 0.080734 million compared to USD 1.47 million a year ago.
Powerdyne International, Inc., operates through its wholly owned subsidiaries, Creative Motion Technology, LLC (CM Tech) and Frame One LLC (Frame One). CM Tech specializes in the design and custom building of industrial servomotors, both brush and brushless motor designs. CM Techâs market focus is on the niche motor demands for low volume, high-quality motors which are primarily used in industrial robotics for the semiconductor manufacturing industry. The motors that CM Tech has in production primarily provide the X, Y, and Z axis articulation in factory automation robots. Frame One is a custom picture framing shop located in North Reading, MA. Frame One serves a client base consisting of local schools, colleges, artists' guilds, artists, interior decorators/designers, museums, photographers, art galleries and theaters. The Company primarily services the Original Equipment Manufacturers (OEMâs) in the semiconductor market. It also provides custom picture framing under Frame One.