Aura Systems, Inc. Reports Earnings Results for the Full Year Ended February 29, 2020
July 13, 2020 at 05:29 pm EDT
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Aura Systems, Inc. announced earnings results for the full year ended February 29, 2020. For the full year, the company announced sales was USD 821,987 compared to USD 39,274 a year ago. Operating loss was USD 1.036 million compared to USD 4.215 million a year ago. Net loss was USD 2.606 million compared to USD 2.502 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.05 a year ago.
Aura Systems, Inc. (Aura) designs, assembles, tests, and sells its Axial Flux Induction Motor solution and mobile power known as the AuraGen for commercial and industrial applications and the VIPER for military applications. Its business model consists of components such as sales and marketing, design and engineering. Aura's sales and marketing approaches are composed of direct sales in North America and the use of agents and distributors in other areas. In North America, its primary focus is on mobile exportable power applications, electric vehicles applications, United States Military applications and industrial/commercial motor as well as mobile power applications. Its business model is focused on the design of new products and engineering support for sales activities. The engineering support consists of the introduction of new optimized power levels for electric motors and new features for its AuraGen/VIPER solution, such as torque solutions and different input and output voltages.
AURA SYSTEMS, INC. 
