Seychelle Environmental Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2016; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2017
January 18, 2017 at 01:45 pm
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Seychelle Environmental Technologies, Inc. reported earnings results for the third quarter and nine months ended November 30, 2016. For the quarter, the company reported revenue of $1,257,844 compared to $3,246,064 in the prior year, a decrease of $1,988,220. In addition, net loss was $284,230 compared to the prior net income of $370,962 decrease of $655,192.
The company reported for the first nine months, revenue of $2,885,212 compared to $8,318,076 in the prior year, a decrease of $5,432,864. In addition, net loss was $877,041 compared to the prior year's net income of $1,358,537 decrease of $2,235,578.
Sales have increased from the prior fiscal quarter and are on target to increase again in fourth quarter of fiscal 2017. The company looks forward to potentially becoming profitable as soon as in fourth quarter.
Seychelle Environmental Technologies, Inc. is engaged in the clean water business. Through its line of sustainable and innovative filtration products, it provides water for everyone, everywhere, and in every situation. Its products remove a wide spectrum of aesthetic, chemical, and radiological contaminants. This includes tap water contaminants, like PFOA, PFOS, lead, chromium 6, chlorine, chloramines, and VOCs. Its radiological line removes gross beta, radon 222, alpha radium 226, plutonium, uranium, cesium 134 and 137. The Company offers products, including Bottles, Pitchers, Pumps, Showerheads, Straws, and Replacement Filters. The Company offers international lab testing on its products in countries, including the United States, Argentina, Australia, Brazil, China, Germany, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, Mexico, Myanmar, Nepal, New Zealand, Pakistan, Sri Lanka, Slovenia, South Africa, Tanzania, United Kingdom, and Vietnam.
Seychelle Environmental Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2016; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2017
SEYCHELLE ENVIRONMENTAL TECHNOLOGIES, INC. 
