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.
Reflect Scientific, Inc. (RSCF) reported a significant performance boost for Q1 2022 with a 34% increase in revenue at $753,576 compared to $562,362 in Q1 2021. The company also noted a 51% increase in operational income. CEO Kim Boyce attributed this growth to a focused marketing strategy in the expanding cryogenic freezing and storage sector. Operating expenses edged up to $312,782, but net income stood at $206,505, marking a decrease from $247,768 in the previous year.
Reflect Scientific, Inc. (RSCF) reported a remarkable 4,067% increase in chiller sales for the first quarter of 2022, totaling $244,000, up from $6,000 in the same period in 2021. This growth follows the easing of COVID-19 related shutdowns. The second quarter also showcased strong performance, achieving $291,000 in sales. CEO Mr. Boyce highlighted significant product improvements based on customer feedback, contributing to the surge in demand for their Cryometrix solvent chillers, widely used in pharmaceutical and biotech industries.
Reflect Scientific, Inc. (RSCF) reported its annual 10K financial results, showing a slight revenue increase of 0.8% to $2.81 million for 2021. Gross margin improved to 69%, up from 62% the previous year, attributed to reduced production costs. The net income rose to $939,065 compared to $660,115 in 2020. The company also enhanced its cash position, with $1.47 million in cash and equivalents, compared to $643,000 in 2020. Reflect Scientific has returned to fully reporting status with the SEC and uplisted to OTCQB for better access to capital.
Reflect Scientific, Inc. (RSCF), a leader in biotechnology and transportation technologies, reported strong sales and profitability, driven by robust demand for blast freezers and chillers. The company successfully uplisted to the OTC QB, enhancing visibility and investor confidence. With a pending patent for HFC-free refrigeration solutions, Reflect Scientific aims to support green initiatives amid federal efforts to reduce greenhouse gas emissions. Their innovative technology also targets cold chain management and applications in diverse industries, including Bitcoin mining.
Reflect Scientific, Inc. (OTCQB: RSCF) reported its third-quarter financial results for 2021, highlighting a revenue increase to $716,145 compared to $610,085 the previous year. Gross profit also rose to $473,802 from $357,973 in Q3 2020, demonstrating improved margins in their cryogenic product line. The company's operating income stood at $159,889, indicating continued profitability despite market uncertainties. CEO Mr. Boyce emphasized the firm’s resilience in delivering products and maintaining positive financial outcomes.
Reflect Scientific, Inc. (RSCF) announced its successful up-listing to OTCQB effective October 28, 2021. This move aims to enhance investor access and support the company’s growth strategy. The OTCQB operates under the OTC Markets Group and is tailored for emerging companies, requiring current reporting and management certification. This listing is recognized by the SEC and allows for greater public information to aid investor analysis. Reflect Scientific develops innovative cryogenic cooling technologies for multiple industries, including biotechnology and pharmaceuticals.
Reflect Scientific, Inc. (Symbol: RSCF) announced its uplisting to the OTCQB Venture Market, enhancing its capital access and market visibility. CEO Kim Boyce emphasized that this strategic move aligns with the company’s growth plans in the cryogenic refrigeration sector. Reflect Scientific specializes in innovative cryogenic cooling technologies, primarily for the biotechnology and pharmaceutical industries. The uplisting is expected to facilitate future growth and acquisitions as the company expands its presence in the market.
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.
FAQ
What is the current stock price of Reflect Scientfc (RSCF)?
What is the market cap of Reflect Scientfc (RSCF)?
