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BlastGard International Reports 2008 Year-End Results
Marketwire
Posted: 2009-04-14 16:00:00
CLEARWATER, FL -- (Marketwire) -- 04/14/09 -- BlastGard International (OTCBB: BLGA) reported financial results for the year ended December 31, 2008.
For the year ended December 31, 2008, BlastGard International reported revenues of $732,044 compared to $408,988 for the year ended December 31, 2007. Revenues are primarily attributable to the commercialization and sale of BlastWrap® and BlastWrap® -associated products. BlastGard International reported a net loss of $1,493,945 or $(0.04) per share based on the weighted average of 40,714,954 shares outstanding for the year-ended December 31, 2008. In comparison, for the year-ended December 31, 2007, the Company reported a net loss of $3,827,188 or $(0.12) per share based on the weighted average of 32,655,112 shares outstanding.
About BlastGard International, Inc.
BlastGard International, Inc. creates designs, develops, manufactures and markets proprietary blast mitigation materials. The Company's patent-pending BlastWrap® technology effectively mitigates blast effects and suppresses post-blast fires. This unique technology is being used to create new, finished products or to retrofit to existing products. BlastWrap® is a market leading product from which blast protection solutions are built to save lives and reduce damage to valuable assets from explosions. Additional information on BlastGard can be found at blastgardintl.com. |
