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Last $0.30 USD
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As of 4:30 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

halosource inc - di (HLOUF) Snapshot

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11/6/14 - $0.32
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halosource inc - di (HLOUF) Details

HaloSource, Inc., a clean water technology company, develops and manufactures products and out licenses proprietary technology for the water treatment and antimicrobial coatings markets worldwide. The company operates in three segments: Drinking Water, Recreational Water, and Environmental Water. Its technologies are based on proprietary polymer chemistries that can be applied to commonplace starting materials in a range of applications. The company’s proprietary technologies are used for drinking and recreational water, and environmentally friendly wastewater recycling. Its products include HaloPure, a water-purification technology that helps make drinking water cleaner and safer; pool products, including pool maintenance, pool stain treatment, pool remedy, and mighty pod products, as well as AquaPill products for pools; and hot tub products comprising hot tub sanitizers, hot tub modifiers, hot tub filter cleaners, hot tub care kits, and hot tub water treatment products, as well as balanced shock oxidizers. The company’s products also comprise natural biopolymers, plant-based polymers, hybrid polymers, and nutrient controls, as well as accessories. It markets its products under the brand names of HaloPure, HaloShield, SeaKlear, AquaPill, PoolMark, HaloKlear, StormKlear, and Mighty Pods. HaloSource, Inc. was founded in 1998 and is headquartered in Bothell, Washington.

122 Employees
Last Reported Date: 09/15/15
Founded in 1998

halosource inc - di (HLOUF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $432.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $262.0K
Compensation as of Fiscal Year 2014.

halosource inc - di (HLOUF) Key Developments

HaloSource, Inc. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015; Provides Cash Flow Guidance for the Second Half Year of 2015

HaloSource, Inc. announced unaudited consolidated earnings results for the six months ended 30 June 2015. For the period, the company reported revenue of $7,487,000 against $7,302,000 a year ago. Operating loss was $5,426,000 against $5,552,000 a year ago. Loss before income taxes was $5,449,000 against $5,665,000 a year ago. Net loss was $5,449,000 against $5,665,000 a year ago, driven primarily by improved gross profit and a reduction in interest expense related to the repayment of a $1.0 million line of credit in India during first half of 2015. Basic and diluted net loss per share was $0.02 against $0.04 a year ago. Net cash used in operating activities was $3,763,000 against $4,723,000 a year ago. Purchase of property and equipment was $159,000 against $86,000 a year ago. The company expects to continue to reduce cash flows used in operations in the second half of 2015.

HaloSource and Panasonic to Launch Consumer Drinking Water Products into the Indian Market

HaloSource Inc. announced its agreement with Panasonic India Private Limited, to launch a line of Panasonic branded, gravity-fed, water purification devices powered by HaloSource's HaloPure water purification technology into the Indian market at the end of August 2015. HaloSource's HaloPure disinfection technology has been registered by the US EPA for water purification. The drinking water purification devices powered by HaloSource's HaloPure water purification technology can significantly and quickly kill waterborne viruses by 99.99% and bacteria by up to 99.9999% while preventing bacterial recontamination and, coupled with antimicrobial storage, will keep treated water fresher for longer.

HaloSource, Inc. Reports Earnings Results for the First Six-Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015

HaloSource, Inc. reported earnings results for the first six-months ended June 30, 2015. For the period, the company's total revenues increased 3% to $7.5 million compared to $7.3 million a year ago, driven by a 33% increase in drinking water revenue. The company also continued to reduce its use of cash in operations compared to the first half of 2014. As experienced in previous years, the company's financial results will be more weighted to the second half of 2015. As a result, the company remains confident that revenue and net earnings for the full year will be in line with market expectations.


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