web analytics
1.7 C
Munich
Wednesday, November 30, 2022

The Inside Scoop on Pure Bioscience, Inc. (OTCMKTS: PURE)

Pure Bioscience, Inc. (OTCMKTS: PURE) is bucking the trend and going up in a down market. While the DOW has dropped 4,000 points this week so far PURE has continues to rise on a significant increase in trading volume.

As coronavirus spreads the markets have moved significantly lower but investors are moving into Companies such as PURE; its EPA-registered PURE™ Hard Surface disinfectant and food contact surface is a powerful disinfectant, which can be used to kill dangerous pathogens.

Pure Bioscience, Inc. (OTCMKTS: PURE) develops and markets technology-based bioscience products that provide non-toxic solutions to numerous global health challenges. PURE’s proprietary high efficacy/low toxicity bioscience technologies, including its silver dihydrogen citrate-based antimicrobials, represent innovative advances in diverse markets and lead today’s global trend toward industry and consumer use of “green” products while providing competitive advantages in efficacy and safety. PURE Bioscience, headquartered in El Cajon, California, (San Diego metropolitan area), was incorporated in 1992.

EPA-registered PURE™ Hard Surface disinfectant and food contact surface sanitizer provides an unparalleled combination of high efficacy and low toxicity with 30-second bacterial kill times and 24-hour residual protection. PURE Hard Surface completely kills resistant pathogens like MRSA and also effectively eliminates dangerous fungi and viruses including HIV, Norovirus, Influenza A, Avian Influenza and H1N1. PURE Hard Surface is registered for use on food contact surfaces and is gentle enough to be used in sensitive children’s areas.

To Find out the inside Scoop on PURE Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

PURE

PURE is moving higher as coronavirus spreads, according to a shareholder who was at the recent meeting: “My most interesting moment from the meeting was, addressing the Corona Virus. Clearly Tom Lee and his consultant (AK) have solid China connections. My impression from the Corona Virus discussion was; there is meaningful dialogue within the appropriate Chinese buying/supply chain. The need to find CV solutions is urgent and the PURE story address this compelling need. Chinese stakeholder interest in PURE product is reasonably high and my impression is, there are frequent and ongoing discussions.”

In December PURE reported Fiscal 2020 Q1 Financial Results; Revenues for the fiscal first quarter ended October 31, 2019 decreased 33% to $398,000 compared with prior fiscal first quarter revenues of $590,000. The decrease was primarily attributable to a reduction in sales of our raw material ingredient, SILVÉRION®. Net loss for fiscal Q1 2020 was $1.1 million, as compared with $2.6 million in fiscal Q1 2019. Net loss, excluding share-based compensation, for fiscal Q1 2020 was $667,000, as compared with $822,000 for fiscal Q1 2019.

Tom Y. Lee, Chief Executive Officer, said that, “Our fiscal Q1 2020 revenue was negatively impacted by a reduction in sales of our raw material ingredient, SILVÉRION®, as well as timing of sales to a large distributor. During the current quarter, sales to our two largest food processors increased by 154%, as compared with the prior year. We anticipate sales of both PURE Control® and PURE® Hard Surface to continue to increase as new and existing customers continue to expand use of our unique food safety solutions. Based on information received by our customers, pending regulatory approvals, and the significant steps taken to reduce our overhead, we maintain our goal of cash-flow breakeven in fiscal Q3 2020.”

We have a Monster Pick Coming. Subscribe Right Now!

Currently trading at a $38 million market valuation PURE is fully reporting OTCQB and has $900k in the treasury, did $398k in sales the last Q and has very very little debt with $877k in current liabilities. Expect investors to continues to move into PURE as coronovirus spreads; its EPA-registered PURE™ Hard Surface disinfectant and food contact surface sanitizer provides an unparalleled combination of high efficacy and low toxicity with 30-second bacterial kill times and 24-hour residual protection. PURE Hard Surface completely kills resistant pathogens like MRSA and also effectively eliminates dangerous fungi and viruses including HIV, Norovirus, Influenza A, Avian Influenza and H1N1. PURE Hard Surface is registered for use on food contact surfaces and is gentle enough to be used in sensitive children’s areas. We will be updating on PURE so make sure you are subscribed to microcapdaily.com so you know what is going on with PURE.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

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

 

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.