Inactive Instrument

QUANTA

Equities

QNTA

US74766N1081

Quanta, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020

December 18, 2020 at 07:27 pm

Quanta, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 324,000 compared to USD 393,000 a year ago. Operating loss was USD 1.256 million compared to USD 918,000 a year ago. Net loss was USD 2.706 million compared to USD 928,000 a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.02 a year ago. For the nine months, total revenue was USD 999,000 compared to USD 931,000 a year ago. Operating loss was USD 4.365 million compared to USD 2.997 million a year ago. Net loss was USD 5.931 million compared to USD 3.017 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.08 a year ago.

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Company Profile

Quanta, Inc. is an applied science company focused on increasing energy levels in plant matter to increase performance within the human body. The Company is also specialized in potentiating rare naturally occurring elements to create and sustainable solutions. The Company's technology uses quantum mechanics to increase bioactivity of targeted molecules to enhance the desired effects. The Company supports product formulations in pain management, anti-inflammation, skincare, agriculture, nutritional supplements, and plant-based consumables.

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