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…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with