Seychelle Environmental Technologies, Inc. Reports Earnings Results for the Year Ended February 28, 2018; Provides Earnings Guidance for the First Quarter of Fiscal 2019
June 11, 2018 at 02:00 pm
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Seychelle Environmental Technologies, Inc. reported earnings results for the year ended February 28, 2018. For the Fiscal Year ended February 28, 2018, revenue was $5,279,377, compared to $4,378,436 in the prior year, a net change of $900,941. Seychelle had Net income of $660,907 or $0.02 per share, compared to prior year Net loss of $2,174,224, or $0.08 a net change of $2,808,131 or $0.10 per share. Seychelle had a cash position of $2,075,833 at February 28, 2018, compared to a cash position of $732,112 at February 28, 2017, a net change of $1,343,721.
For the first quarter of fiscal Year 2019, the company believes that company will see further increases in sales and a potential for net income.
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 Year Ended February 28, 2018; Provides Earnings Guidance for the First Quarter of Fiscal 2019