Pure Bioscience, Inc. (PURE)

[The Rainbow]

$PURE reports record revenues, Repost from June 6,
and profits. Highlights below!


Revenues for the fiscal third quarter in 2020 increased 612%
Net income per share was $0.01 for the fiscal third quarter in 2020, compared to a net loss of ($0.03) for the fiscal third quarter in 2019.
Gross margin was 56% for the three months ended April 30, 2020
Revenues for the nine months ended April 30, 2020 increased 129%

$PURE Bioscience, Inc. (OTCQB: PURE), creator of the patented non-toxic silver dihydrogen citrate (SDC) antimicrobial, today reported financial results for the fiscal third quarter ended April 30, 2020 and the nine-month period ended the same date.

Highlights:
Tom Y. Lee, Chief Executive Officer summary
“With the achievement of profitability, I’m pleased to note that revenue for our fiscal fourth quarter is expected to meet or exceed our fiscal third quarter revenue.”
“Due to increased and continued demand, we have expanded our production capacity. Our primary contract manufacturer has invested significant amounts to improve lead-times and volume, allowing us to manufacture bulk product in two Midwest locations with further expansion underway."
“For the first time in the company’s history, PURE is profitable. During the third quarter, sales to our distribution network significantly increased due, in part, to our recently announced partnership with Packers Sanitation Services, Inc. (PSSI) and our alliances with Whiting Systems, Inc. and Marathon Group, LLC. We look forward to expanding our relationships with PSSI, Whiting and Marathon, all respective leaders in their industries with national and global reach."

PURE® Hard Surface
-Food Processing and Manufacturing: PURE Hard Surface is now available for use in over a thousand protein, produce, bakery, and dairy facilities across the United States
-Transportation Sanitization: PURE’s Transport Sanitation Solution, designed to meet the FDA Food Safety Modernization Act (FSMA) requirements, is now being used by three of the nation’s largest food transportation companies servicing restaurant chains, food processors and grocery store chains
-PURE’s Transport Sanitation Solution across multiple channels, including prisons/jails, hospitality, education and more

PURE Control®
SmartWash® Boost: delays and economic impacts related to COVID-19 have impacted final third-party validation of SmartWash® Boost. Nonetheless, SmartWash remains committed to bringing the revolutionary Boost product to market to treat pre-cut lettuce as a further intervention step to protect America’s food chain. A senior executive of Taylor Farms was recently quoted saying, “Clearly, there is a path forward for Boost to play an integral part in ensuring the safety of the United States produce supply.”
While five facilities are operating using PURE Control, the planned rollout at a multinational produce processor was slowed by the events of the first calendar quarter of 2020. All plans remain in place and are expected to move forward to additional locations for berry and tomato processing. The same multinational corporation adopted PURE’s Environmental Solution for all 21 of its locations, including corporate offices for facility and employee safety.
To date, work is ongoing with multiple additional processors for treatment of herbs, tomatoes, onions, broccoli, cabbage, berries, processed grapes, leafy greens and cut lettuce.
https://www.marketwatch.com/press-release/10-q-pure-bioscience-inc-2020-06-11?mod=mw_quote_news
https://last10k.com/sec-filings/pure/0001493152-20-011000.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=pure
https://m2compliance.com/hosting/company/PURE/link_files/2020/06-11-2020/Form10-Q(06-11-2020)PureBioscience/Form10-Q.pdf