Pressure BioSciences, Inc. Reports Q1 2022 Financial Results
Focused on the Successful Launch of its "Early Access Program" for the UST Platform, Company Already Negotiating with Four Potential Customers for Nanoemulsion Processing in Nutraceuticals and Cosmetics Consumable sales for Q1 2022 were $40,000, a decrease of 61% from $102,000 for Q1 2021. BaroFold/UST services in Q1 2022 were $15,000 compared to $6,100 for Q1 2021, an increase of 59%.
PBI Agrochem subsidiary had sales in Q1 2022 of $83,300, all new sales in a new segment, (no sales in Q1 2021). February 28: The Ohio State University announces successful commissioning of PBI's production-scale BaroShear UST MAX System for better processing of liquid foods and beverages within its College of Food, Agriculture and Environmental Sciences - achieving a key PBI commercialization milestone for its consortium with Ohio State to serve the food industry. January 27: PBI's UST platform installed in the acclaimed Ohio State University Advanced Food Processing Technology Pilot Plant.
For more information about PBI and this press release, please click on the following website link: Basic and diluted net loss per share attributable to common stockholders Weighted average common stock shares outstanding used in the basic and diluted net loss per share calculation
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