halosource inc - di (HLOUF) Key Developments
HaloSource Inc. Reports Unaudited Consolidated Results for the Financial Year Ended December 31, 2014
Mar 10 15
HaloSource Inc. reported unaudited consolidated results for the financial year ended December 31, 2014. For the year, the company reported net revenue of USD 20,958,000 compared to USD 16,063,000 last year. Operating loss was USD 8,231,000 compared to USD 12,028,000 last year. Loss before income taxes was USD 8,580,000 compared to USD 12,420,000 last year. Net loss was USD 8,630,000 or USD 0.05 per basic and diluted share compared to USD 12,463,000 or USD 0.08 per basic and diluted share last year. Net cash used in operating activities was USD 8,433,000 compared to USD 12,367,000 last year. Purchase of property and equipment was USD 175,000 compared to USD 1,365,000 last year.
HaloSource, Inc. Provides Revenue Guidance for the Full Year of 2014
Jan 26 15
HaloSource, Inc. provided revenue guidance for the full year of 2014. For the period, the company confirmed that revenue is expected to be $21.0 million, in line with market consensus. The 2014 revenue figure represents growth of approximately 30% year-on-year, accelerating to approximately 35% for second half of 2014 compared to the prior period in half of 2013. The increase was driven by strong performance in Drinking Water and Environmental Water, together with a more modest revenue increase in Recreational Water.
HaloSource, Inc. to Report Q4, 2014 Sales/Trading Statement Results on Jan 26, 2015
Jan 7 15
HaloSource, Inc. announced that they will report Q4, 2014 sales/trading statement results on Jan 26, 2015
HaloSource Declares Promotion of Craig Crowell to VP of Finance
Jan 5 15
HaloSource has promoted Craig Crowell to the position of VP of Finance. According to the company, Crowell has been instrumental in many recent accounting initiatives including the company s annual audit, strategic improvements in budgeting and played a key role in the company s successful fundraising in November 2014.
HaloSource, Inc. Further Extends Strategic Partnership with a Major Multinational Consumer Goods Company
Dec 24 14
HaloSource, Inc. has extended its stand-still agreement with a major multinational consumer goods company for incorporation of its class leading bromine based HaloPure® disinfection technology in their devices sold in China for the third consecutive year. HaloSource has partnered with the MNC since 2012 and supplied its HaloPure® disinfection technology for deployment in certain gravity fed water purification devices sold through the retail and online channels on an exclusive basis. Under the terms of the ongoing arrangement HaloSource will receive a one time payment of $500,000 in recognition of the 12 month exclusivity agreement. HaloPure media has been registered with the United States Environmental Protection Agency (USEPA) and is approved by the Chinese MoH (Ministry of Health) for use in drinking water purification devices making HaloPure® disinfection the only technology of its kind in this rapidly growing business segment.