Flexpoint Sensor Systems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 04:09 pm EST
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Flexpoint Sensor Systems, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.021594 million compared to USD 0.023957 million a year ago. Net loss was USD 0.205026 million compared to USD 0.204213 million a year ago.
For the nine months, sales was USD 0.071358 million compared to USD 0.120896 million a year ago. Net loss was USD 0.623966 million compared to USD 0.654118 million 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. 
