Optec International Inc (OPTI)

[Timetravelerdos]

Optec International Inc (OTCMKTS: OPTI)’S Subsidiary Posts $40 Million YTD Revenue!

Optec International Inc (OTCMKTS: OPTI)‘s wholly-owned subsidiary, WeShield, has registered its YTD revenues at $40 million, while its EBIDTA is posted at $6.7 million, which is 17% of the overall revenue. The second-quarter revenues for WeShield came in at $19.2 million, while the EBIDTA is posted at $3.5 million, which rounds off to 19% of the revenue.

Growth in the medical supply sector and PPE!!!
the windshield had the 2020 audited financial report. The company generated $59 million and EBIDTA of $5.6 million, roughly about 10% of the revenue. The subsidiary is reporting growth in the sectors which are in hot demand today. The medical supply and PPE sectors have boomed since the onset of the pandemic. The company has signed some additional long-term agreements and contracts, which are expected to impact the new DELTA variant significantly. The impact will be realized later in the year.

There have also been further profits from logistics and warehousing, consolidation of legal departments, accounting, sales, and marketing. These benefits are expected to drip down later in 2021.


https://topnewsguide.com/2021/07/30/optec-international-inc-otcmkts-optis-subsidiary-posts-40-million-ytd-revenue/

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