Flexpoint Sensor Systems, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:01 pm EDT
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Flexpoint Sensor Systems, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.037506 million compared to USD 0.036015 million a year ago. Net loss was USD 0.210097 million compared to USD 0.194127 million a year ago.
For the six months, sales was USD 0.049764 million compared to USD 0.096939 million a year ago. Net loss was USD 0.418941 million compared to USD 0.449905 million a year ago. Basic loss per share from continuing operations was USD 0.01.
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. 
