Industrial Nanotech (OTC: INTK), a global nanoscience solutions and research leader, is reporting revised revenue guidance. According to the announcement, INTK has implemented adjustments in revenue strategy designed to support the company’s success and growth during what executives anticipate may be an economically challenging two or three years. “Our quarterly revenue numbers continue to grow exponentially and remain greater than any other period in the Company’s history,” said Industrial Nanotech CEO Stuart Burchill in the press release. “However, our previously stated objective of doubling our revenue numbers every quarter in 2022, starting with our Q1 2022 quarterly revenue record of over $3 million . . . up 678% over the previous quarter with a net profit of $1,637,412 . . . and with a goal of achieving $24 million in quarterly revenue by Q4 2022, is proving to be a little more difficult than anticipated because of the global economic headwinds and supply chain complexities. “We will not exceed $6 million in Q2 2022 as we hoped. It is expected that revenue for this current quarter will be closer to $5 million. Additionally, we expect to grow to quarterly revenue of $16 million or $64 million annualized, by the final quarter of 2022, which is one-third less than originally projected.”
To view the full press release, visit https://ibn.fm/fkJZv
About Industrial Nanotech Inc.
Industrial Nanotech is a global nanoscience solution and product development leader. For more information about the company, visit www.Industrial-Nanotech.com.
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