Quarta-Rad, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 05:32 pm
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Quarta-Rad, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 261,581 compared to USD 179,138 a year ago. Net loss was USD 20,253 compared to USD 12,440 a year ago. For the nine months, sales was USD 708,610 compared to USD 674,944 a year ago. Net loss was USD 64,476 compared to USD 82,253 a year ago. Basic eps was USD 0 compared to basic loss per share of USD 0.01 a year ago.
Quarta-Rad, Inc. is a manufacturer and distributor of radioactivity detection equipment and air quality measurement instruments. Its products include a range of handheld radioactivity measurement devices, radon detection equipment and smartphone-based applications. It operates through two segments: Quarta-Rad and Sellavir. Its products include Radiation Detection Equipment, Radon Detection Equipment, EMI Detection Equipment, and Light and brightness Detection Equipment. Its Radiation Detection Equipment includes RADEX RD1503, RADEX RD1706, RADEX RD1008, RADEX RD1212, RADEX RD1212-BT and RADEX RD ONE. Its Radon Detection Equipment includes RADEX M107. Its EMI Detection Equipment includes RADEX EMI50. Its subsidiary includes Sellavir, Inc., an artificial intelligence (AI) company that leverages its knowledge in neural networks to provide customized AI and development services to its clients. Its services are focused on offering customized solutions for image processing.
QUARTA-RAD, INC. 
