18th May 2023 12:15
Mycelx Technologies Corp - Georgia, US-based clean water and air technology - Reports pretax loss of USD3.6 million for 2022, more than trebled from USD1.1 million in 2021. Revenue grows 18% to USD10.0 million from USD8.5 million. Cost of goods sold increase to USD5.6 million from USD5.2 million, while selling, general & administrative expenses increase to USD7.6 million from USD6.9 million. Further, gain on sale of property and equipment falls to just USD2,000 from USD2.6 million in 2021. Looking ahead, Chair Tom Lamb says: "With our progress so far in 2023 and the favourable industry trends, we are optimistic about the growth prospects across the business for the remainder of the year." Read More
