Optec International Inc (OPTI)

[sharky]

OPTI Total revenue for the three months ended March 31, 2021 was $11,576,643, an increase of 4391% over the same quarter in the prior year and an increase of 4.49% over the previous quarter. Net Income increased to $1,848,475 versus a net loss of ($47,349) for the same quarter in the prior year, but down from the previous record high income of $7,388,011 last quarter.

Total revenue for the nine months ended March 31, 2021 was $28,915,665, an increase of 4191% over the same period in the prior year. The net income increased to $10,612,059, an increase of $11,789,633 over a net loss of ($1,177,574) for the same period in the prior year. This progress was initially due to the massive demand in PPE as a result of the pandemic and then fueled by subsequent availability of products from our suppliers.

Total Assets increased to $28,181,685 from $23,295,400, a 21% increase from the previous quarter, Total Liabilities decreased by 9.4% to $5,693,808 and Stockholder's Equity rose 32% from $17,011,481 to $22,487,877.

"We're pleased to announce this most recent quarter showing improved results from our operations," commented Optec International CEO Roger Pawson. "We're encouraged by the tremendous growth in revenues and profits that reflects the efforts of our team members to build upon our previous successes and we expect this demand to continue for the foreseeable future. This progress represents an ongoing growth in value for our shareholders, generated by our hardworking employees."



$OPTI