Advanced Environmental Recycling Technologies, Inc. reports financial results.SPRINGDALE, Ark.--(BUSINESS WIRE)--November 11, 1994--Advanced Environmental Recycling Technologies Recycling technology Methods for reducing solid waste by reusing discarded materials to make new products. The three integral phases of recycling are the collection of recyclable materials, manufacture or reprocessing of these materials into new products, and , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AERTA AERTA Army Environmental User Requirements and Technology Assessments (US Army) ,AERTZ) announced today results of operations for the three- and nine-month periods ended September 30, 1994. The Company announced a net loss for the third quarter of $666,138, or $.04 per share, as compared to a net loss of $731,880, or $.07 per share, for the third quarter of 1993. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $985,466 for the quarter represented a 59% increase over the third quarter of 1993 sales of $620,789. For the nine-months ended September 30, 1994, the Company reported sales of $2,725,016 which represents a 60% increase in sales from the nine-months ended September 30, 1993. This increase in sales in addition to an extraordinary gain of $879,373 previously reported for the first quarter of 1994 has resulted in a reduction in the net loss for the nine-month periods from $2,836,662, or $.26 per share, in 1993 to $1,531,839, or $.11 per share, in 1994. CONTACT: Advanced Environmental Recycling Technologies, Inc. David Chapman David Chapman may refer to: In journalism
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