- AirTest (AAT) generates higher revenues and lowers costs
- This accounted for a 13 per cent increase compared to 2021
- Over the same period, the company managed to reduced operating expenses by $365,072
- AirTest Technologies is a Green-Tech company specializing in Demand Control Ventilation system
- AirTest Technologies (AAT) is trading at C$0.02 at 9:30 am EST
The duo-listed company, ATI AirTest Technologies (AAT) generated $2.39 million of revenue in 2022.
Looking over last year, this accounted for a 13 per cent increase compared to 2021.
Additionally, over the same period, the company managed to reduced operating expenses by $365,072.
Operating losses for 2022 was ($89,753), a reduction of $1.26 million or 93 per cent.
The CEO, Ted Konyi added, “We anticipate that this trend will continue into 2023. Additional sales efforts, an array of new products with improved margins and further cost-cutting measures should yield profitability for the company this year.”
“Our focus on energy efficiency for HVAC is meeting significantly increased demand and we should see tremendous growth,” added Konyi.
AirTest Technologies is a Green-Tech company specializing in Demand Control Ventilation systems that improve commercial building operating efficiency and generate proven energy savings.
AirTest Technologies (AAT) is trading at C$0.02 at 9:30 am EST.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.