Quarta-Rad, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
September 14, 2022 at 05:22 pm EDT
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Quarta-Rad, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.244177 million compared to USD 0.361173 million a year ago. Revenue was USD 0.244177 million compared to USD 0.361173 million a year ago. Net loss was USD 0.065233 million compared to net income of USD 0.041077 million a year ago.
For the six months, sales was USD 0.626556 million compared to USD 0.695852 million a year ago. Revenue was USD 0.626556 million compared to USD 0.695852 million a year ago. Net loss was USD 0.039817 million compared to net income of USD 0.093526 million a year ago.
Quarta-Rad, Inc. is a manufacturer and distributor of radioactivity detection equipment and air quality measurement instruments. Its products include a range of handheld radioactivity measurement devices, radon detection equipment and smartphone-based applications. It operates through two segments: Quarta-Rad and Sellavir. Its products include Radiation Detection Equipment, Radon Detection Equipment, EMI Detection Equipment, and Light and brightness Detection Equipment. Its Radiation Detection Equipment includes RADEX RD1503, RADEX RD1706, RADEX RD1008, RADEX RD1212, RADEX RD1212-BT and RADEX RD ONE. Its Radon Detection Equipment includes RADEX M107. Its EMI Detection Equipment includes RADEX EMI50. Its subsidiary includes Sellavir, Inc., an artificial intelligence (AI) company that leverages its knowledge in neural networks to provide customized AI and development services to its clients. Its services are focused on offering customized solutions for image processing.
QUARTA-RAD, INC. 
