Lux Amber, Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2022
May 25, 2022 at 03:43 pm EDT
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Lux Amber, Corp. reported earnings results for the third quarter and nine months ended January 31, 2022. For the third quarter, the company reported sales was USD 0.248944 million compared to USD 0.130183 million a year ago. Net loss was USD 1.03 million compared to USD 0.314948 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.01 a year ago.
For the nine months, sales was USD 1.11 million compared to USD 0.816598 million a year ago. Net loss was USD 1.76 million compared to USD 1.51 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.05 a year ago.
Lux Amber, Corp. is an international specialty chemical company. The Company develops and produces a range of edge chemical products and markets to governments, businesses and consumers. The Companyâs products are used in a diverse array of applications. The Companyâs Asphalt Release Agents (ARA) works on SMAs polymer, and popcorn asphalts. It also sells truck bed application spray systems and trailer mounted application systems. Asphalt Release Agents are available in 5-gallon pails, 55-gallon drums, 275-gallon totes and bulk delivery. Its all-natural, biodegradable cleaning solutions remove tar, grease, asphalt and sticky substances from many surfaces. DS-16 is a drum and slat treatment solution that was specifically developed to extend the lifetime of slats and the mean time between maintenance (MTBM). It makes various strippable coatings in its DeconGel product line that remove heavy metals, meth lab contaminants, mercury, asbestos, chemicals, radioactive isotopes and others.
LUX AMBER, CORP. 
