Regi U.S., Inc. Reports Earnings Results for the Second Quarter Ended October 31, 2019
December 16, 2019 at 06:23 am EST
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REGI U.S., Inc. announced earnings results for the second quarter ended October 31, 2019. For the second quarter, the company announced sales was USD 0 compared to USD 40,000 a year ago. Operating loss was USD 274,511 compared to USD 202,481 a year ago. Net loss was USD 391,435 compared to USD 342,379 a year ago. Basic loss per share was USD 0.004 compared to USD 0.003 a year ago. For the half year, sales was USD 25,000 compared to USD 40,000 a year ago. Operating loss was USD 689,681 compared to USD 484,360 a year ago. Net loss was USD 652,791 compared to USD 777,321 a year ago. Basic loss per share was USD 0.006 compared to USD 0.008 a year ago.
REGI U.S., Inc., through its wholly owned subsidiary, RadMax Technologies, Inc., is a research and development company. The Company is focused on creating new technologies and is developing and commercializing high efficiency engines, compressors, expanders, and pumps for civilian, commercial and government applications based on its patented RadMax axial vane-type rotary technology. The Companyâs products include gas expanders, compressors and pumps and power generation devices. Its focus is on developing devices that reduce carbon footprint, device size, weight, and parts count, while enhancing fuel and manufacturing efficiencies over incumbent technologies.
REGI U.S., INC. 
