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Home 🌿 Marijuana Business News 🌿 Investing in Cannabis Testing Labs and Expansion of Marijuana News Focus of DigiPath 🌿

Investing in Cannabis Testing Labs and Expansion of Marijuana News Focus of DigiPath

Submitted by Marijuana News on Thu, 05/14/2015 - 04:53

DigiPath, Inc. (OTCBB and OTCQB: DIGP), the independent cannabis testing, media, digital pathology, and education firm, announced the filing of its quarterly report on Form 10-Q for its second fiscal quarter ended March 31, 2015, with the Securities and Exchange Commission.

"DigiPath ended the quarter with $3.9 million of stockholders' equity," says David Williams, DigiPath's CFO. "We completed the purchase and installation of our state-of-the-art cannabis testing equipment, created our testing protocols, and expect to begin generating revenues from our significant investments later this quarter."

DigiPath's second quarter performance includes a 170% increase in revenue over last year, rising to $136,000 from $51,000 for the quarters ended March 31, 2015 and 2014, respectively. Year-to-date revenue is up 194%, climbing to $310,000 from $106,000 for the six-month periods ended March 31, 2015 and 2014, respectively.

SG&A and R&D expenses were controlled and came in slightly below last quarter's...

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URL: 
http://www.asianhhm.com/pressreleases/investing-in-cannabis-testing-labs-and-expansion-of-marijuana-news-focus-of-digipath-inc-10-q

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