Dais Analytic Corp. (DLYT.OB) Announces First Quarter Financial Results
Dais Analytic Corp. is commercializing its nanotechnologies in applications for energy efficient heating and cooling uses, water cleaning for commercial and industrial purposes, and energy storage. The company today announced its financial results for the quarter ended March 31, 2010. Dais reported revenues of $407,312 – an increase of 158% from the $157,353 reported for the same period last year. Gross margins for the first quarter came in at 21.1%. In addition, accounts receivable on March 31, 2010 increased 223% to $606,551, while cash and cash equivalents stood at $1.044,971. Interest expense declined to $46,510 from $156,197 for the same…