Avalanche International, Corp. Reports Earnings Results for the Third Quarter Ended August 31, 2016
March 21, 2019 at 04:17 pm EDT
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Avalanche International, Corp. announced earnings results for the third quarter ended August 31, 2016. For the third quarter, the company announced total revenue was USD 165,438 compared to USD 169 a year ago. Operating loss was USD 42,251 compared to USD 488,555 a year ago. Net income was USD 316,220 compared to net loss of USD 733,435 a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to basic loss per share from continuing operations of USD 0.13 a year ago. Diluted eps - continuing operations was USD 0 compared to diluted loss per share from continuing operations of USD 0.13 a year ago. For the nine months, total revenue was USD 165,438 compared to USD 38,831 a year ago. Operating loss was USD 414,247 compared to USD 1.048 million a year ago. Net loss was USD 674,155 compared to USD 1.506 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.28 a year ago.
Avalanche International, Corp. is a holding company, which is focused on the commercialization of Multiplexed Laser Surface Enhancement (MSLE). The Companyâs subsidiaries include MTIX Ltd and Restaurant Capital Group, LLC. MTIX Ltd is an advanced materials and processing technology company. MTIX Ltd has developed an environmentally friendly material synthesis technology for textile applications. Its MLSE technology utilizes a combined high-power pulsed ultraviolet (UV) laser and high frequency electrical discharge plasma. Its Multiplexed Laser Surface Enhancement technology treats both natural and synthetic textiles for a variety of functionalities, including dyeability and printing enhancements, hydrophilicity, hydrophobicity, fire retardancy and anti-microbial properties. RESTAURANT CAPITAL GROUP, LLC provides business capital resources, financial structuring, business development, and marketing and other consultation services to the boutique restaurant and hospitality sectors.
AVALANCHE INTERNATIONAL, CORP. 
