Tuesday, July 28, 2020 11:55:03 AM
PCTL's successful launch of the Annihilyzer System 18 months ago leads to a system in 22% of hospitals in New York City.
In any start-up business there will be failures. You either quit or you press on.
PCTL’s financial situation was dire and they did what they had to do, toxic financing.
Does that constitute failure? No
Bringing PCTL’s flagship product, The Annihililyzer, to the market was not easy nor cheap.
“It is just a long arduous problem getting into the hospitals because of the layers of people that you have to go through,” said Grieco. “We have found that from the initial discussion with a hospital, it takes about six months before we get a system in there,” he explained. Grieco then shared that the Company has installed multiple systems in New York hospitals and are in discussions with additional New York facilities.
PCTL's business plan was to increase market share in the healthcare and other industries.
How many hospitals are in NYC?
There are 62 acute care hospitals in New York City.
How many hospitals in NYC have at least one Annihilyzer System?
PCTL has installed at least 14 systems and gained 22.5% market share in NYC hospitals in less than 18 months.
That is success not failure!!!!!!!!!!!!!!!!
People are invested in PCTL because it is an emerging company with HUGH potential.
What happened when the pandemic came upon us?
How could a company go from needing an “angel funder” with 3.5-5 million dollars to invest to record sales for the quarter and profitable for the month of March 2020 all in a short period of time?
I’ll tell you how HOCI!!!!
PCTL is a growing company and although it went through some toxic financing, they were fortunate enough to increase sales due to an unprecedented demand for HOCI that put them in a position to cover their burn rate. Also 2019 is the year where PCTL had the most system installs that will most likely increase exponentially in 2020.
PCTL revenues increased year to year with the biggest bump up in 2019. Please note the revenues for 2019 are just through the 3rd quarter as the 2019 10K has not been filed yet.
2015 10K $141
2016 10K $113,387
2017 10K 123,105
2018 10K $266,122
2019 10K $534,852 thru 9 months
2020 10K $$$$$$$$$$$$$
2021 10K $$$$$$$$$$$$$$$$$$$$$$$$
2022 10K $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
From the PR dated March 13, 2020:
As a result of increased demand, an existing customer, BioBlasting LLC of Egg Harbor Township, New Jersey (www.bioblasting.com) has also purchased two of PCT Corp.’s large volume Hydrolyte® generators.
As a result of heightened demand, PCT Corp. is expediting plans to increase its distribution networks. "With everything going on in the world today, our demand has increased by leaps and bounds" says PCT Corp. President, Bill Prince. "Adding key distributors to our network will allow us to strengthen sales channels and accelerate revenue growth while at the same time providing a much-needed product and service during these critical times. We will strategically add additional distributors and "partners," both In the United States and abroad. This will allow us to keep up with the strong need for our products."
From the March 16, 2020 Stock Day Podcast:
“How do you view the short to medium term of your company’s sales going forward?”, asked Jolly. Grieco shared that the Company remains undervalued considering the effectiveness of their hypochlorous disinfectant system, which is now entering its ninth hospital. “I think that one of the big problems with any small company is profitability,” said Grieco, “I will go out on a limb and say that we will be profitable in the month of March. We will have a record first quarter,” shared Grieco. “I think this month will set a stage,” he added.
“I am more optimistic than I’ve ever been with this company, and I’ve been involved with this kind of technology since 1996,” closed Grieco.
Opportunity fell on their doorstep and they took full advantage of it.
SUCCESS SUCCESS SUCCESS
HUGH simply HUGH
Interesting, Timely and Accurate....
FACTS not fiction
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