Itronics Inc. Reports Sales Results for the Fourth Quarter and Full Year of 2019; Provides Sales Guidance for the First Quarter and Full Year of 2019
For the year, the company reported GOLD'n GRO fertilizer sales were $1,839,000 in 2019 up from $1,245,000 in the prior year period for an increase of $594,000, or 48%. Full year silver bullion sales were $43,700 up from $19,547 in the same period last year for an increase of $24,153, or an increase of 124%.
For the first quarter, the company expects first quarter sales could approach $1.4 million for an increase of more than $1.0 million from the 2019 first quarter.
Full year sales are projected to double to $4.0 million of which $2.8 million is forecasted for the first six months. The company believes that the second half sales forecast will need to be revised substantially higher if sales development in the California coastal vegetable and berry markets progresses as expected.