QualityStocksNewsBreaks – Pressure BioSciences, Inc. (PBIO) Reports Q3 2019 Financial Results, Provides Business Update
Pressure BioSciences (OTCQB: PBIO), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, services, and platform solutions to the worldwide life sciences industry, today announced financial results for the third quarter ended September 30, 2019, provided a business update and offered limited guidance for FY2020. “We have consistently highlighted the importance of the “razor/razor blade” business model. In the 3rd quarter, consumable sales for our pressure cycling technology (“PCT”) platform exceeded $100,000/quarter for the first time, increasing by 158% over the same quarter last year,” PBI President and CEO Richard T. Schumacher said in the news…