Flexpoint Sensor Systems, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 31, 2021 at 04:05 pm EDT
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Flexpoint Sensor Systems, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was USD 99,438 compared to USD 833,036 a year ago. Operating loss was USD 795,801 compared to USD 57,072 a year ago. Net loss was USD 607,066 compared to USD 575,058 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
Flexpoint Sensor Systems, Inc. is principally engaged in designing, engineering and manufacturing bend sensor technology and products using its patented Bend Sensor technology. The Bend Sensor is a flexible potentiometer; the bend sensor consists of a coated substrate, such as plastic, that changes electrical conductivity as it is bent in a consistent manner. The electronic systems connect to this sensor and measure in detail the amount of bending or movement that occurs in a predictable manner. It has developed various applications and devices using the Bend Sensor technology and is marketing these items: glove systems, automotive products, flow control applications, monitoring systems, swell sensor and other applications. These glove systems, combined with edge software applications, also adapt to a range of other applications, including health rehabilitation, unmanned systems control, smartphone interaction and professional training across multiple industries.
FLEXPOINT SENSOR SYSTEMS, INC. 
