Wednesday, September 22, 2010 10:13:29 AM
Dear Mr. Woods,
Thank you for your email. The company is growing at a rapid pace, with additional sales in the pipeline. That said, it is our responsibility to post in our filings that the company still is not profitable. While sales are increasing, the revenues still do not yet offset operating expenses as well as research and development activities. The company is working on additional technologies to complement our current solutions. We are confident in our ability to continue to grow, as well as in our ability to raise sufficient capital toward further research and development.
Sincerely,
Alex
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM