Industrial Nanotech Inc - INTK STOCK NEWS

Industrial Nanotech, Inc. (INTK) has launched a new sales division focused on OEM deals, starting with RV manufacturers and targeting ambulance, firetruck, and cargo truck sectors. This division aims to meet specific performance requirements outlined by industry experts. A new product version with a cure time under 60 minutes will cater to these manufacturers, improving manufacturing efficiency compared to the standard cure time of 2-3 hours. The company anticipates generating significant revenue from these contracts in Q4 2022 and will provide further details then.

Industrial Nanotech, Inc. (INTK) announced a significant distribution agreement with Lowe’s Inc. via its subsidiary, Syneffex Inc. This partnership allows Syneffex products to be available on Lowe’s website and in-store, expected within two weeks. Eric Graham, VP of Sales at Syneffex, expressed enthusiasm about the collaboration, highlighting its potential benefits for Industrial Nanotech. This move positions the company to enhance its market reach and customer accessibility, marking a promising development for INTK and its product lineup.

Industrial Nanotech, a leader in nanoscience solutions, announced the resolution of a significant supply chain issue affecting its EPX-H2O product. A key resin was unavailable, halting production, which impacted Q2 2022 revenue. However, the company has identified a replacement resin, and testing has confirmed its efficacy. Production has resumed, with postponed sales expected in Q3 2022. The company also plans to finalize partnerships in the Middle East and expand operations in Saudi Arabia. A revised revenue forecast will follow customer confirmations of the new EPX-H2O formula.

Industrial Nanotech (Pink Sheets: INTK) revised its revenue guidance, citing ongoing economic challenges. CEO Stuart Burchill reported that while Q1 2022 revenue exceeded $3 million, up 678%, Q2 is now projected closer to $5 million, down from the initial $6 million estimate. The original goal of achieving $24 million in quarterly revenue by Q4 2022 is now adjusted to $16 million, reflecting a 33% decrease. The company is strategizing for economic conditions expected over the next 24 to 36 months, with upcoming partnerships anticipated.

Industrial Nanotech, Inc. (INTK) has announced a Finder’s Fee Program aimed at rewarding shareholders who refer new business opportunities. Under this program, shareholders will receive 5% from the first purchase of a referred customer and 2.5% on subsequent purchases. Additionally, the company has initiated a stock buyback program following a record Q1 2022 revenue of over $3 million, marking a 678% increase from the previous quarter, with a net profit of $1.64 million. CEO Stuart Burchill emphasizes plans to double revenues in Q2 2022 and sustain growth throughout the year.

Industrial Nanotech Inc (Pink Sheets: INTK) announced a stock buyback program starting June 1, 2022. The program aims to reduce the number of outstanding shares and enhance shareholder value, paving the way for a potential up-listing to a senior exchange in early 2023. The decision for an early buyback follows a record Q1 2022 revenue exceeding $3 million, a 678% increase from the previous quarter, and a net profit of $1,637,412, marking the company's best quarter ever. CEO Stuart Burchill emphasizes that this move reflects commitment to shareholder value.

Industrial Nanotech, Inc. achieved a record revenue of $3 million for Q1 2022, reflecting a remarkable 678% growth quarter-over-quarter. The company reported a net income of $1.6 million with a gross profit margin of 60%, significantly improving from a loss in the previous quarter. CEO Stuart Burchill emphasized strong customer demand and innovation as key drivers of this performance, with a projected revenue of over $6 million for Q2 2022, indicating potential for sustained growth.