GelTech Solutions, Inc. (GLTC.OB) Reports Record Quarterly Revenues
Source: http://Blog.QualityStocks.net/?p=15129Posted on Tuesday, April 21st, 2009 | In Market Commentary, Small & Micro Cap
GelTech Solutions, Inc. announced today that it has generated record quarterly revenues for the third fiscal quarter ended March 31, 2009. According to the press release, the company’s FireIce and RootGel products accounted for $202,549 and $85,699 of the revenue, respectively, representing total quarterly revenues of $288,248. On a sequential quarter-to-quarter, FireIce and RootGel revenues were up 32,051% and 295% respectively.
Michael Cordani, CEO of GelTech Solutions, commented, “We are excited to announce our record growth in revenues. The enormous efforts of our GelTech team are beginning to bear fruit. Based on previously announced agreements, in addition to other potential opportunities in the pipeline, we expect to announce improved results in the next quarter.”
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