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Zecotek Reports $622,817 of LFS Scintillation Crystal Sales Revenue for Second Quarter 2016
Feb. 02, 2016 09:49AM PST
Medical Device InvestingZecotek Photonics Inc. (TSXV:ZMS, FWB: W1I, OTCPK: ZMSPF)reported preliminary unaudited revenue for the second quarter ended January 31, 2016.
Zecotek Photonics Inc. (TSXV:ZMS, FWB: W1I, OTCPK: ZMSPF)reported preliminary unaudited revenue for the second quarter ended January 31, 2016. Sales for the second quarter were a record $622,817, a threefold increase from $149,589 recorded in the first quarter of fiscal 2016, and a sevenfold increase compared to the same time period last year. Unaudited revenue for the six months ending January 31, 2016 increased $598,875 to $772,406 from $173,531 for fiscal 2015.
Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc stated:
In the second quarter of 2016, we recorded more revenue than ever before due to sales of our patented LFS scintillation crystals to PET medical scanning device OEMs
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