Quarta-Rad, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 21, 2022 at 02:23 pm EST
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Quarta-Rad, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.160757 million compared to USD 0.218488 million a year ago. Revenue was USD 0.160757 million compared to USD 0.218488 million a year ago. Net loss was USD 0.044689 million compared to USD 0.028354 million a year ago.
For the nine months, sales was USD 0.787313 million compared to USD 0.91434 million a year ago. Revenue was USD 0.787313 million compared to USD 0.91434 million a year ago. Net loss was USD 0.084506 million compared to net income of USD 0.065172 million a year ago. Basic loss per share from continuing operations was USD 0.01.
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. 
