Pond Technologies Holdings Inc V.POND

Alternate Symbol(s): PNDHF

Industrials Waste Management

Pond Technologies Holdings Inc. is a technology company engaged in controlled environment cultivation of microalgae. Its primary business is to pursue microalgal biomass cultivation using available sources of CO2, including CO2-rich emission sources from industrial plants and the licensing of its technology. It has developed a technology platform based on artificial intelligence, proprietary LED lights and patented CO2-management. Its segments include Nutraceutical Products, Technology Services and Corporate. The Nutraceutical Products segment includes production and sales to consumers and business and distribution or third-party products. The Technology Services segment is engaged in the production of microalgal biomass, consulting, engineering services and the construction of biomass production facilities. It also has a Biotech division focused on the growth of unique strains of micro-algae to be used as a reproductive medium for the expression of human antibodies and proteins.

TSXV:POND - Post by User

Pond Technologies Holdings Inc > WOW great update

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Comment by lscfaon Aug 19, 2022 10:41am

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Post# 34907290

RE:RE:RE:WOW great update

Higher loss is new....

For the three months ended June 30, 2022, Pond recorded a net operating loss from operations of $1,389, with basic and diluted loss per share of $0.02. This compares with a net operating loss of $936 for the three months ended June 30, 2021. The increase in net operating loss of $453 is principally a result of i) revenue increasing by $318 and a $63 improvement in margin which was offset by an increase in operating expenses of $163 and general and administrative expenses, primarily investor relation expense of $367.

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