Welcome to our dedicated page for Reflect Scientfc news (Ticker: RSCF), a resource for investors and traders seeking the latest updates and insights on Reflect Scientfc stock.
Reflect Scientific, Inc. (RSCF) delivers innovative cryogenic cooling solutions for healthcare, biotechnology, and industrial markets. This news hub provides investors and industry professionals with essential updates on corporate developments and technological advancements.
Access official press releases covering product innovations, financial results, strategic partnerships, and regulatory milestones. Our curated collection ensures timely updates on RSCF's low-temperature freezer systems, refrigerated containers, and specialized chillers serving critical applications from pharmaceutical storage to aerospace manufacturing.
Key content includes earnings announcements, technology patents, executive leadership updates, and industry-specific applications of cryogenic solutions. Bookmark this page for centralized access to verified information about RSCF's progress in advancing temperature control systems for sensitive materials.
Reflect Scientific, Inc. (RSCF) reports over $500K in orders for Cryometrix cryogenic cooling products in the last 30 days, marking a significant increase since pandemic restrictions eased. The Cryometrix line includes ultra-cold freezers and solvent chillers used in bio-pharmaceutical industries. CEO Kim Boyce stated the company has completed its third profitable quarter this year, driven by a notable uptick in demand for their products. This reflects the recovery trends within the biotech sector as restrictions lift.
Reflect Scientific, Inc. (RSCF) has expanded its distribution for the Cryometrix liquid nitrogen-enabled solvent chillers by signing agreements with two major cannabinoid extraction equipment companies. This partnership enhances market exposure for Cryometrix chillers, aimed at improving extraction efficiency and speed. Orders for these chillers have already been placed. CEO Kim Boyce highlighted the growing cannabis extraction market, projected to reach a value of $7.3 billion in 2019 with a CAGR of over 16%, emphasizing the chillers' role in increasing throughput and product quality.
Reflect Scientific, Inc. (RSCF) reported strong financial results for Q2 2021. Revenue rose to $707,133, up 40.5% from $502,906 in Q2 2020. Gross profit increased to $471,954, reflecting effective cost management as operating expenses decreased to $301,173 from $405,811 year-over-year. The company is focused on R&D, introducing new cryogenic products while maintaining a healthy cash position. Challenges from pandemic-related shipping issues have been managed effectively, and the overall performance has been positively received by the CEO.
Reflect Scientific, Inc. (RSCF) announces signs of market improvement for its Cryometrix solvent chillers used in cannabis processing. Following pandemic-related downturns, the CBD market is rebounding, with forecasts indicating a CAGR of 21.2% from 2021 to 2028. CEO Kim Boyce noted a resurgence in orders as the market recovers. The patented L-80 MAX and LITE chillers efficiently extract cannabinoids and terpenes from raw cannabis while discarding unwanted materials. The company develops innovative cryogenic cooling technologies targeted at various industries, including biotechnology and pharmaceuticals.
Reflect Scientific, Inc. (RSCF) announced $768,000 in new orders over the past 60 days for its Cryometrix cryogenic products. This includes $648,000 for ultra-cold freezers and $120,000 for solvent chillers. CEO Kim Boyce stated that the second quarter of 2021 shows strong demand for these products, which are vital for biopharmaceutical processing and CBD extraction from hemp. Reflect Scientific develops innovative cooling technologies for the biotechnology and pharmaceutical industries.
Reflect Scientific, Inc. (Symbol: RSCF) has announced the effectiveness of its amended Registration Statement on Form 10, now categorizing the company as a 'fully-reporting issuer' with the SEC. This status allows Reflect Scientific to resume regular filings of Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, enhancing corporate transparency. CEO Kim Boyce emphasized that these filings will be accessible on both the SEC's website and Reflect Scientific's site. The company specializes in cryogenic cooling technologies for various industries, including biotechnology and pharmaceuticals.
Reflect Scientific, Inc. (RSCF) announced its Q1 2021 financial results, highlighting a net income of $247,768, up $82,173 from Q1 2020, attributed to a sales mix favoring more profitable Cryometrix products. However, overall revenue decreased to $562,362 from $983,808, reflecting the impact of site preparation delays for ULT freezer installations. Despite this, improved margins were reported due to the shift in product sales. The company remains focused on its technology in cryogenic cooling for various industries.
Reflect Scientific, Inc. (RSCF) shares insights from CEO Kim Boyce, detailing developments in cryogenic temperature control systems. Over ten years, the company has improved its non-mechanical systems, enhancing reliability and cost-effectiveness. Key products include the Cryometrix S-90 shipper, and interest is growing in applications for vaccine management and air freight. Reflect Scientific remains debt-free and filed a Form 10 Registration Statement with the SEC to become a fully-reporting issuer. The outlook is bullish as the company continues to receive inquiries from government and major corporations like Boeing and NASA.
Reflect Scientific, Inc. (RSCF) reported impressive financial results for the year ended December 31, 2020, posting total revenues of $2.79 million, a 74% increase from $1.61 million in 2019. The ultra-low temperature (ULT) freezers and solvent chillers generated $1.95 million in revenue, marking a 166% growth. Despite a slight 3.9% decline in chromatography supply revenue due to pandemic-related disruptions, net income improved to $660,000 compared to a loss of $196,000 in 2019. The company filed a Form 10 with the SEC to regain “fully reporting” status.
Reflect Scientific, Inc. (RSCF) is poised for growth as the ultra-low temperature freezer market expands, driven by increasing demand in vaccine development, organ preservation, and gene therapies. A recent Global Market Insights study highlights key growth trends, including advanced freezer technologies and rising demand in the Asia Pacific region. CEO Kim Boyce expressed optimism about the company’s alignment with these market needs, particularly with their liquid nitrogen cooled freezers. The firm aims to capitalize on the robust market potential backed by innovative technologies in cryogenic cooling.
