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ADM Tronics Reports Profit for Second Quarter of Fiscal Year 2018

NORTHVALE, N.J., Nov. 20, 2017 /PRNewswire/ -- ADM Tronics Unlimited, Inc. (OTCQB: ADMT), a technology-based developer and manufacturer of innovative technologies and products, today announced results for its second fiscal quarter ended September 30, 2017 of Fiscal Year 2018.

Revenues for the six months ended September 30, 2017 were $2,216,061 as compared to $2,757,769 for the six months ended September 30, 2016, a decrease of 20%. Income from operations for the second quarter was $379,349 as compared to $949,507 for the same period last year, a decrease of 60%.

Revenues for the three months ended September 30, 2017 were $1,069,706 as compared to $1,380,338 for the three months ended September 30, 2016, a decrease of 29%. Income from operations for the second quarter was $211,358 as compared to $428,463 for the same period last year, a decrease of 51%.

Complete financial results are available in the Company's Quarterly Report on Form 10Q available at www.sec.gov.

Andre' DiMino, President of ADMT remarked, "We are delighted to report another profitable quarter, especially during this transitional period for the Company. I will elaborate in more depth about the upcoming Company profile planned for next Monday, November 27 in our Investor Update."

Financial Highlights



Three Months Ended


Six Months Ended

September 30,


September 30,


2017

2016


2017

2016

Net Revenues

$1,069,706

$1,380,338


$2,216,061

$2,757,769







Cost of Sales

$355,938

$636,231


$812,483

$1,096,158







Gross Profit

$713,768

$744,107


$1,403,578

$1,661,611







Operating Expenses

$502,410

$315,644


$1,024,229

$712,104







Income from operations

$211,358

$428,463


$379,349

$949,507







Total other income (expense)

$4,201

$431


$6,548

$617







Income before provision for income taxes

$215,559

$428,894


$384,442

$950,124







Provision for income taxes

$81,000

-


$158,000

-







Net income

$134,559

$428,894


$226,442

$950,124







Basic and diluted earnings per common share

$0.00

$0.01


$0.00

$0.01

Weighted average shares of common stock outstanding - diluted

67,588,492

67,008,502


67,588,492

67,008,502

About ADMT

ADMT is a diversified, technology-based developer and manufacturer of innovative technologies and products. Its core competency is its ability to conceptualize a technology, bring it through development, into manufacturing and commercialization, all in-house. ADMT has three areas of activity: Proprietary Electronic Medical Devices; Eco-Friendly, Safe, Water-Based Formulations; and, Design, Engineering, Regulatory and Manufacturing Services. The Company's headquarters, laboratories, FDA-Registered medical device and manufacturing operations are located in Northvale, NJ. ADMT's multi-disciplinary team of engineers, researchers and technologists utilize advanced technology infrastructure, such as 3-D solid prototyping, precision instrumentation and specialized software and peripherals, for the research, development and commercialization of diversified technologies. Additional information is available at the Company's websites - admtronics.com and concepttoquantity.com.

Except for historical information contained herein, the matters set forth in this news release are "forward looking" statements (as defined in the Private Securities Litigation Reform Act of 1995), including statements regarding future revenue growth and performance. Although ADMT believes the expectations reflected in such forward looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. Forward looking statements involve risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could contribute to such differences include those described from time to time in ADMT's filings with the SEC, news releases and other communications. The Company assumes no obligation to update the information contained in this news release.

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SOURCE ADM Tronics Unlimited, Inc.