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Saturday, May 28, 2022

Big Days on PURE Bioscience (OTCMKTS:PURE)

PURE Bioscience (OTCMKTS:PURE) is making a steady move up on increasing volume in recent days since reversing off $0.3421 lows last month. The stock has a history of big moves running from just over $0.25 to highs over $1.50 in 2013.

The big move comes on the heels of the financial results the Company reported on March 4 for the fiscal second quarter and six-month periods ended January 31, 2015. Food Processors/Manufacturers We are in active evaluation and/or testing in 20+ companies — and are initiating discussions with other established distributors in this market.

  • — In February, we signed a non-exclusive agreement with All American Chemical Company Inc. to distribute PURE(R) Hard Surface disinfectant to its network of more than 175+ food and beverage manufacturers/processors — broadening and deepening the sales reach for PURE’s powerful antimicrobial products.
    — All American Chemical is also including and recommending PURE’s products as an integral part of the cleaning and sanitizing protocols it develops for its customers.
    — All American has placed initial orders and has begun testing at a national brand customer’s manufacturing plant.
    — As a result of the December White Paper (detailing the Listeria contamination remediation in a shuttered food processing facility), a leading pet food manufacturer is now using PURE Hard Surface in two plants on a pilot basis. We currently anticipate an expansion of that test and also an introduction to several of that processor’s contract manufacturers/co-packers.
    — We are also developing protocols to begin testing for use in two national meat processors.

PURE Bioscience (OTCMKTS:PURE) is focused on developing and commercializing our proprietary antimicrobial products primarily in the food safety arena — providing solutions to the health and environmental challenges of pathogen and hygienic control.

PURE technology platform is based on patented stabilized ionic silver, and our initial products contain silver dihydrogen citrate, or SDC. SDC is a broad-spectrum, non-toxic antimicrobial agent, which offers 24-hour residual protection and formulates well with other compounds. As a platform technology, SDC is distinguished from existing products in the marketplace because of its superior efficacy, reduced toxicity and the inability of bacteria to form a resistance to it.

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PURE also reported Revenues for the six months ended January 31, 2015 were $390,000, compared with revenues of $156,000 for the six months ended January 31, 2014. Total operating costs and expenses, excluding cost of goods sold, share-based compensation, other share-based expense, and restructuring costs, were $2.9 million, and $2.7 million, respectively. The net loss for the six months ended January 31, 2015 was $(3.7) million, or $(0.10) per share, compared with a net loss of $(6.3) million, or $(0.28) per share, in the six months ended January 31, 2014. The adjusted net loss for the six months ended January 31 2015 was $(2.7) million compared with prior year adjusted net loss of $(2.6) million.

PURE Hard Surface disinfectant, which is powered by the patented, non-toxic, environmentally friendly SDC antimicrobial molecule, fits perfectly into SUBWAY(R)’s commitment to greener living and its food safety protocol. A leader in the quick service restaurant industry, all SUBWAY(R) restaurants are required to follow policies in support of SUBWAY(R)’s overall commitment to make its restaurants and operations as environmentally and socially responsible as possible. The availability of the powerful PURE Hard Surface disinfectant will strengthen the quick service restaurant chain’s sanitization program.

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Currently trading at a $18 million market valuation PURE does have $3.9 million in the treasury as well as some small revenues. PURE is an ex NASDAQ stock and as such is liable to make highly explosive moves as most ex NASDAQ stocks do. We will be updating on PURE as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with PURE.

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Disclosure: we hold no position in PURE either long or short and we have not been compensated for this article.

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