MagneGas (MNGA) Reports FY17 Revenue of $3.7M
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MagneGas Provides Business Update for Fiscal 2017; Metal Cutting Fuel and Welding Supply Revenues Increased 36%
April 2, 2018 4:05 PM EDTTAMPA, FL -- (Marketwired) -- 04/02/18 -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, today announced financial results and provided a business update for the year ended December 31, 2017.
Ermanno Santilli, Chief Executive Officer of MagneGas, stated, "We made meaningful progress in 2017, including: strong organic growth in industrial gas sales; initiating a series of accretive acquisitions; streamlining our operations; as well as advancing new applications for MagneGas technology. Revenue for the year ended December 31, 2017 increased to $3.7... More
