Vystar sees Q1 revenues climb, but still in the red

ERJ staff report (DS)

Atanta, Georgia — Vystar Corp. said revenues for the three months to 31 March 2011 were $119,000, a 43 percent increase over the $83,000 reported for the first quarter of 2010. Gross profit increased to $41,000 for the current quarter up to 34 percent margin, versus $11,000 and 13 percent margin for the first quarter of 2010.

EBITDA was a loss of $433,000 for the quarter ended March 31, 2011; however, this is an improvement over the negative EBITDA for the first…

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