https://stockhouse.com/news/press-releases/2021/09/29/avivagen-inc-announces-results-for-the-third-quarter-ending-july-31-2021 “The considerable successes of the past quarter have resulted in arguably the strongest pipeline in Avivagen’s history,” says Kym Anthony, Chief Executive Officer, Avivagen Inc. “We have already begun to deliver on the largest sales volumes in company history, and efforts worldwide are forging high-value relationships with new partners and customers in the Americas and Asia.”
Q3 2021 highlights included:
- Total of 8 tonnes in OxC-beta™ orders secured or shipped during the quarter
- Secured a 4.4-tonne order for OxC-betaTM Livestock from UNAHCO
- Secured a 500 kg order for OxC-betaTM Livestock from Transformadora
- Shipped 3.5-tonne order from the previously announced 64-tonne recurring order
- Moved closer to regulatory approval in Vietnam and China
- Leveraging existing experience, initiated search for new distribution partners in North America and other key markets globally
During the quarter Avivagen shipped the first 3.5 tonnes of its previously announced 64 tonne recurring order. However, the revenue on this shipment will be recognized when payment is received, meaning the revenue associated with this shipment is not reflected in the reported Q3 results.