MagneGas’s Q218 results show the transformative effect of the three acquisitions that were made earlier in the year. Sales trebled year-on-year, but as the annualised revenue run-rate achieved in May has not been maintained, we revise our FY18 estimates downwards.
20 Aug 2018
MagneGas Corporation - Acquisitions drive trebling in revenue
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MagneGas Corporation - Acquisitions drive trebling in revenue
- Published:
20 Aug 2018 -
Author:
Anne Margaret Crow -
Pages:
6
MagneGas’s Q218 results show the transformative effect of the three acquisitions that were made earlier in the year. Sales trebled year-on-year, but as the annualised revenue run-rate achieved in May has not been maintained, we revise our FY18 estimates downwards.