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) issues frequent news updates that highlight its activities in cryogenic cooling, ultra-low temperature freezers, and advanced refrigeration technologies. Company announcements cover product orders, installations, patents, cost initiatives, and market transitions, offering insight into how Reflect Scientific operates across biotechnology, pharmaceutical, life sciences, transportation, and data center markets.
Recent news has featured multi-unit installations of advanced liquid nitrogen (LN2) freezers for pharmaceutical clients, follow-on orders for the B-90 blast freezer from biopharmaceutical and cold-chain logistics customers, and new contracts for high-performance freezers with international biotech and pharma organizations. These updates provide detail on how the company’s systems are used for vaccine storage, biopharmaceutical preservation, and other temperature-critical applications.
Reflect Scientific also publishes news on strategic and financial developments, including revenue growth tied to Cryometrix ultra-low temperature freezers and solvent chillers, cost-saving programs that use artificial intelligence and contract manufacturing, and transitions among OTC market tiers. In addition, the company reports on patents and initiatives related to data center and AI cooling, such as cryogenic systems for computer rooms and high-density computing environments.
Investors and industry observers can use the RSCF news feed to follow contract wins, product deployments, patent milestones, and operational changes that shape Reflect Scientific’s role in life sciences, cold chain logistics, and IT infrastructure cooling. Regular updates help readers track how the company’s cryogenic technologies are being adopted across its target markets.
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Reflect Scientific Inc (OTCQB: RSCF) reported a 27.5% decrease in revenue for 2022, totaling $2,041,297, down from $2,814,670 in 2021, primarily due to reduced freezer and chiller sales and supply chain delays. Gross profit margin fell to 59.7% from 68.6%, as costs of goods sold also decreased by 7.0% to $822,147. The net income dropped significantly to $89,396 compared to $939,065 in the previous year. Current assets exceeded liabilities by $2,179,237, with cash totaling $1,381,927. Management remains committed to improving sales and product offerings despite ongoing challenges.
Reflect Scientific, Inc. (RSCF) reported disappointing financial results for Q3 2022, with revenues of $253,233, a significant decrease from $716,145 in Q3 2021. The company faced challenges including rising costs and delivery delays. However, they maintain a strong cash position and anticipate a rebound by year-end. Their marketing efforts continue, notably with participation in a major cannabis show in Las Vegas. The company also plans to install freezer units for a current customer and is in discussions with a new client for multiple installations.
Reflect Scientific, Inc. (RSCF) has launched a new product showroom at its facility in Orem, Utah, to enhance customer experience and display innovative Cryometrix products. The showroom focuses on three key areas: Processing, Storage, and Transportation. Highlighted products include the B-90 Blast Freezing units, ultra-low-temperature freezers, and various temperature-controlled shipping solutions. CEO Kim Boyce noted positive user feedback on the reliability and cost-effectiveness of their proprietary liquid nitrogen-powered applications, which provide a green alternative to traditional cooling methods.
Reflect Scientific, Inc. (RSCF), based in Orem, Utah, has announced a partnership with Power PR to enhance its marketing strategy. The company focuses on innovative cryogenic cooling technologies, particularly low-temperature freezers under the Cryometrix brand. These systems utilize liquid nitrogen, offering energy savings of up to 90% compared to traditional compressors, alongside a 20-year warranty on the cooling systems. Reflect Scientific aims to improve the efficiency and safety of cooling sensitive products, aligning with eco-friendly practices.
Reflect Scientific, Inc. (RSCF) reported its financial results for Q2 2022, with revenue at $555,615, down $151,518 from $707,133 in Q2 2021. The cost of goods sold decreased by $39,358, leading to a gross profit of $359,794, which fell by $112,160 year-over-year. Operating expenses totaled $281,669, down $19,656, resulting in a net income of $78,125, compared to a loss of $92,656 in the same period last year. Supply chain disruptions impacted product availability, but the CEO expects improvements by Q3.
Reflect Scientific, Inc. (RSCF) announced a positive regulatory change with California's Air Resources Board favoring its Cryometrix CB 40 cold transportation trailer. This amendment promotes the use of lower global warming potential refrigerants and imposes stricter emission standards, aligning with the company's green technology initiatives. The Cryometrix system, which utilizes liquid nitrogen technology, provides a cleaner alternative to traditional diesel-powered refrigeration, addressing environmental concerns effectively. CEO Kim Boyce highlighted the significant market potential, especially given California's high diesel prices.
On July 12, 2022, Reflect Scientific (RSCF) shared a shareholder update highlighting advancements in their liquid nitrogen technology across processing, storage, and transportation sectors. The company holds 30 patents safeguarding its innovative applications. Key products include the Cryometrix brand blast freezers and solvent chillers for biotech and pharmaceutical industries. The outlook remains optimistic with ongoing R&D investments, and Reflect Scientific reports being debt-free and profitable. They are also pursuing opportunities with the California Air Resource Board.
Reflect Scientific, Inc. (RSCF) has been awarded a groundbreaking patent for a green cooling system that eliminates HCFCs and CFCs, utilizing a Cryometrix temperature control system with liquid nitrogen or liquefied air. This innovative system demonstrates cost-effectiveness in refrigeration and air conditioning applications. The CEO, Kim Boyce, highlighted a significant market opportunity, estimating a multi-trillion-dollar potential in sectors currently using HFCs, especially as the federal government pushes for sustainable alternatives to reduce greenhouse gas emissions.
Reflect Scientific, Inc. (RSCF) announced a company overview presentation on May 17, 2022. This PDF presentation includes key digital media links, product overviews, and financial information for the last five quarters, available on the company's website. CEO Kim Boyce emphasized the need for an accessible resource to inform customers and investors about the company's growth and innovations in cryogenic cooling technologies. The presentation is expected to evolve with new product launches and updated financial data.