PCT Ltd (PCTL)

[magnus_invest]

PCT LTD Reports Q3 2019 Financials; Revenue Increases 435%, Operating Expenses Decrease LITTLE RIVER, S.C.--(BUSINESS WIRE)--April 15, 2020--

PCT LTD (OTC Pink: PCTL), announces Q3 2019 Financials.

Financial Highlights:

Financial Results for the three months ended September 30, 2019:

- Revenue Increased 435% to $220,033 compared to $41,124 for the same quarter of 2018. The revenue increase for the period was due to an increase in volume of fluids sold, equipment sales and recurring leased income. $29,500 was a result of licensing revenue.

- G&A Expenses dropped from $827,168 to $468,897 or 43.3% during Q3 2019. The expenses decreased primarily due to a decrease in compensation during the quarter.

- Operating Expenses decreased 36.4% from $950,454 to $604,847 during the quarter. This is a result of cost reductions, primarily due to a decrease in compensation.

- Net Operating Losses decreased 57.7% from $909,330 during the comparable quarter in 2018 to $384,814 in Q3 2019.