Thursday, August 24, 2017 7:21:11 AM
<< For the three months ended June 30, 2017, we had revenue of $510,325 compared to $1,833,709 for the three months ended June 30,
2016. Cost of sales for the three months ended June 30, 2017, was $499,222 compared to $1,256,977 for the three months ended June 30, 2016. Revenue and cost of sales decreased primarily due to PWT’s focus on marketing during the three months of operations. >>
A "focus on marketing" means, of course, that they don't have any business and we all know that if any new contracts had been signed we would have had multiple PRs trumpeting their success - so, it is reasonable to assume that the 3rd quarter is going to be a total bust also.
You have to laugh when you see the following quote on their Investing page: “We are thrilled to join the OriginClear team. We believe OriginClear’s vision to build an extensive network of solution providers is going to help us grow dramatically. Together we can better reach growing market demand for exceptional water treatment solutions and services.”
– Marc Stevens, President of PWT
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 09:30:31 PM
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