InvestorNewsBreaks – Pressure BioSciences Inc. (PBIO) Announces Resurgent Growth, Strong Q1 2021 Results
Jun 2, 2021
Pressure BioSciences (OTCQB: PBIO) (“PBI”), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables and platform technology solutions to the worldwide life sciences and other industries, today announced its best financial results in nearly three years for the first quarter ended March 31, 2021. Among the highlights, the company reported a 121% increase in total revenue for Q1 2021 to $559,900 compared to $253,900 for Q1 2020. “We had a remarkable first quarter. Sales increased across the board — in instruments, consumables and kits. Importantly, we saw a concomitant decline in operating loss,” said Richard T. Schumacher, president and CEO of PBI. “We do not believe this was a one quarter resurgence. To the contrary, with just the first half of the 2021 second quarter completed, revenue from the sale of instruments and consumables in this year’s second quarter has already exceeded the sale of these same products for all of Q2 2020. We believe we are headed towards a strong revenue year in FY 2021, while we continue to decrease operating loss on our path to profitability.”
To view the full press release, visit https://ibn.fm/hRwSo
About Pressure BioSciences Inc.
Pressure BioSciences is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences and other industries. The company’s products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to control bio-molecular interactions safely and reproducibly (e.g., cell lysis, biomolecule extraction). The company’s primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil and plant biology, forensics, and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of its pressure-based technologies in the following areas: (1) recently acquired, patented technology from BaroFold Inc. (the BaroFold technology) to allow entry into the bio-pharma contract services sector, and (2) recently-patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room temperature stable low-acid liquid foods that cannot be effectively preserved using existing non-thermal technologies. For more information about the company, visit www.PressureBioSciences.com.
NOTE TO INVESTORS: The latest news and updates relating to PBIO are available in the company’s newsroom at http://ibn.fm/PBIO
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