Aurasource, Inc. Reports Earnings Results for the Full Year Ended March 31, 2020
May 07, 2020 at 11:32 am EDT
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AuraSource, Inc. announced earnings results for the full year ended March 31, 2020. For the full year, the company announced sales was USD 35,000. Operating loss was USD 653,213 compared to USD 1.118 million a year ago. Net loss was USD 896,092 compared to USD 1.323 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
AuraSource, Inc. has divided its activities into two divisions: AuraMetal and AuraMoto. AuraMetal is focused on the development and production of processes for materials as industrial application solutions. AuraSourceâs core technology includes physical separation, hydrometallurgical and pyrometallurgy processes. It has developed seven patented technologies, including ultrafine grinding and ultrafine separation. AuraMoto is focused on sourcing various vendors and customers in the automotive industry. Its technology separates commercially valuable minerals from other ores. The ultrafine grinding technology utilizes a fluid shock wave to grind slurry materials into ultrafine scale. The ultrafine separation separates different size particles with different densities in the slurry. Its technology enables particle separation by applying 10-100 gravity, which allows impurities and unwanted substances to be removed.
AURASOURCE, INC. 
