Aurasource, Inc. Reports Earnings Results for the Second Quarter Ended September 30, 2019
November 07, 2019 at 06:13 am EST
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AuraSource, Inc. announced earnings results for the second quarter ended September 30, 2019. For the second quarter, the company announced operating loss was USD 226,598 compared to USD 177,443 a year ago. Net loss was USD 302,958 compared to USD 232,667 a year ago. For the half year, sales was USD 35,000 compared to USD 0 a year ago. Operating loss was USD 377,403 compared to USD 349,989 a year ago. Net loss was USD 509,190 compared to USD 444,285 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 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. 