{"id":381554,"date":"2020-11-16T08:03:18","date_gmt":"2020-11-16T13:03:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381554"},"modified":"2020-11-16T08:03:18","modified_gmt":"2020-11-16T13:03:18","slug":"reflect-scientific-inc-announces-third-quarter-2020-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/reflect-scientific-inc-announces-third-quarter-2020-financial-results\/","title":{"rendered":"Reflect Scientific Inc. Announces Third Quarter 2020 Financial Results"},"content":{"rendered":"<div class=\"mw_release\">\n<p>OREM, Utah, Nov.  16, 2020  (GLOBE NEWSWIRE) &#8212; Reflect Scientific, Inc. (Symbol: RSCF), a provider of diverse products and services for the biotechnology, pharmaceutical, and transportation industries, announces financial results for the third quarter and nine-month period ended September 30, 2020.<\/p>\n<p>The year over year revenue for the three months ended September 30, 2020 saw a 66.5% increase from $366,431 to $610,155 and for the 9 months ended a 215% increase from $977,312 to $2,096,869. Gross margins for the 2020 third quarter were virtually unchanged at 71% compared to 72% for the same period in 2019. The complete filing can be seen at https:\/\/sec.report\/otc\/financial-report\/262536.<\/p>\n<p>Mr. Kim Boyce, CEO of Reflect Scientific Inc., remarked, \u201cContinued strong interest in the Cryometrix ultralow temperature freezers and solvent chillers has driven our successful third quarter revenues. My expectation is that the market conditions fueling our sales will prevail well into the foreseeable future. The emergence of mRNA vaccines like COVID-19, therapeutic protein drugs and other biologicals requiring ultra-cold conditions for processing, storage or transportation will serve to create a solid revenue stream for the Cryometrix ultracold refrigeration solutions.\u201d<\/p>\n<p>About Reflect Scientific, Inc.<\/p>\n<p>Reflect Scientific, Inc., based in Orem, Utah, the company develops and markets innovative, proprietary technologies in cryogenic cooling for the biotechnology, pharmaceutical, medical, and transportation markets. Among Reflect Scientific&#8217;s products are low-temperature freezers and refrigerated systems for laboratory, transportation and computer server room uses. Visit www.reflectscientific.com for more information. See us on Twitter @ReflectSci and LinkedIn www.linkedin.com\/company\/reflect-scientific.<\/p>\n<p>Forward-looking statements in this release are made pursuant to the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company\u2019s products, increased levels of competition for the Company, new products and technological changes, the Company\u2019s dependence on third- party suppliers, and other risks detailed from time to time in the Company\u2019s periodic reports.<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjQxOSMzODI4MzMzIzIwOTE5Mzc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/959c4253-9175-48e3-bfee-0c44d7b1916a\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contact\r\nThomas Tait\r\n801-607-1039\r\ninfo@reflectscientific.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>OREM, Utah, Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; Reflect Scientific, Inc. (Symbol: RSCF), a provider of diverse products and services for the biotechnology, pharmaceutical, and transportation industries, announces financial results for the third quarter and nine-month period ended September 30, 2020. The year over year revenue for the three months ended September 30, 2020 saw a 66.5% increase from $366,431 to $610,155 and for the 9 months ended a 215% increase from $977,312 to $2,096,869. Gross margins for the 2020 third quarter were virtually unchanged at 71% compared to 72% for the same period in 2019. The complete filing can be seen at https:\/\/sec.report\/otc\/financial-report\/262536. Mr. Kim Boyce, CEO of Reflect Scientific Inc., remarked, \u201cContinued strong interest in the Cryometrix ultralow &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/reflect-scientific-inc-announces-third-quarter-2020-financial-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Reflect Scientific Inc. Announces Third Quarter 2020 Financial Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-381554","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reflect Scientific Inc. Announces Third Quarter 2020 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/reflect-scientific-inc-announces-third-quarter-2020-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reflect Scientific Inc. Announces Third Quarter 2020 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"OREM, Utah, Nov. 16, 2020 (GLOBE NEWSWIRE) &#8212; Reflect Scientific, Inc. (Symbol: RSCF), a provider of diverse products and services for the biotechnology, pharmaceutical, and transportation industries, announces financial results for the third quarter and nine-month period ended September 30, 2020. The year over year revenue for the three months ended September 30, 2020 saw a 66.5% increase from $366,431 to $610,155 and for the 9 months ended a 215% increase from $977,312 to $2,096,869. Gross margins for the 2020 third quarter were virtually unchanged at 71% compared to 72% for the same period in 2019. The complete filing can be seen at https:\/\/sec.report\/otc\/financial-report\/262536. Mr. Kim Boyce, CEO of Reflect Scientific Inc., remarked, \u201cContinued strong interest in the Cryometrix ultralow &hellip; Continue reading &quot;Reflect Scientific Inc. 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