Pressure BioSciences, Inc. (PBIO) Reports 2007 Financial Results and Provides Business Update
Pressure BioSciences, Inc. announced its total revenue for 2007. Revenue for the year totaled $645,870, a significant rise compared 2006’s revenue of $210,289. An increase in sales of PCT products and services was primarily attributed to the increase in revenue. According to Pressure BioSciences, 20 PCT Systems were installed during 2007, which is more than double the 8 that were installed in 2006. An increase in the number of PULSE Tubes and ProteoSolve-LRS Kits sold also contributed to the substantial increase in revenue. In addition, the Company recorded $246,083 of grant revenue during 2007, while no grant revenue was reported…