Aug 21, 2017   SOURCE: PR NewsWire

ADM Tronics Reports First Quarter of Fiscal Year 2018 Results

NORTHVALE, N.J., Aug. 21, 2017 /PRNewswire/ -- ADM Tronics Unlimited, Inc. (OTCQB: ADMT), a technology-based developer and manufacturer of innovative technologies and products, today announced results for its first fiscal quarter ended June 30, 2017 of Fiscal Year 2018.

Revenues for the three months ended June 30, 2017 were $1,1146,355 with a net income of $91,883 after provision for income taxes of $77,000, marking 16 profitable quarters over the past 4 fiscal years. Complete financial results are available in the Company's Quarterly Report on Form 10Q available at www.sec.gov.

"We are following through on our plan to devote more of our engineering and development resources towards the advancement of our own proprietary medical device technologies, as previously announced," stated Andre' DiMino, President of ADMT. "We believe the efforts we are putting into our proprietary medical technologies will be well rewarded, as any one of our products can be a gamechanger for our Company's future. We will continue our efforts on the expansion of our base business to strive to maintain the financial growth the Company has demonstrated over the past four years."

Financial Highlights

                             Three Months             Three Months
                                 Ended                    Ended

              June 30, 2017  June 30, 2016
              -------------  -------------

    Net Revenues                           $1,146,355              $1,377,431


    Cost of Sales                             456,545                 508,324
                                              -------                 -------


    Gross Profit                              689,810                 869,107
                                              -------                 -------


    Operating expenses:

         Research and
          development                         149,957                  20,401

         Selling, general
          and administrative                  364,371                 326,210

         Depreciation and
          amortization                          7,491                   1,452
                                                -----                   -----


    Total operating
     Expenses                                 521,819                 348,063
                                              -------                 -------


    Income from
     operations                               167,991                 521,044


    Total other income                            892                     186


    Income before
     provision for
     income taxes                             168,883                 521,230
                                              -------                 -------


    Provision for
     income taxes:

         Current                                2,000                       -

         Deferred                              75,000                       -
                                               ------                     ---


    Net income                                $91,883                $521,230
                                              =======                ========


    Net income per
     common share                               $0.00                   $0.01
                                                =====                   =====


    Weighted average
     shares of common
        stock
        outstanding -
     diluted                               67,588,492              67,008,502

About ADMT

ADMT is a diversified, technology-based developer and manufacturer of innovative technologies and products. Its core competency is its ability to conceptualize a technology, bring it through development, into manufacturing and commercialization, all in-house. ADMT has three areas of activity: Proprietary Electronic Medical Devices; Design, Engineering, Regulatory and Manufacturing Services; and, Eco-Friendly, Safe, Water-Based Formulations. The Company's headquarters, laboratories, FDA-Registered medical device and manufacturing operations are located in Northvale, NJ. ADMT's multi-disciplinary team of engineers, researchers and technologists utilize advanced technology infrastructure, such as 3-D solid prototyping, precision instrumentation and specialized software and peripherals, for the research, development and commercialization of diversified technologies. Additional information is available at the Company's websites - admtronics.com and concepttoquantity.com.

Except for historical information contained herein, the matters set forth in this news release are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995), including statements regarding future revenue growth and performance. Although ADMT believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could contribute to such differences include those described from time to time in ADMT's filings with the SEC, news releases and other communications. The Company assumes no obligation to update the information contained in this news release.

View original content:http://www.prnewswire.com/news-releases/adm-tronics-reports-first-quarter-of-fiscal-year-2018-results-300507260.html

SOURCE ADM Tronics Unlimited, Inc.