Electromedical Technologies Announces Financial and Operational Highlights for the Three and Nine Months Ended September 30, 2022
SCOTTSDALE, Ariz., Dec. 5, 2022 /PRNewswire/ -- Electromedical Technologies, Inc. (OTC-QB: EMED) ("Electromedical" or the "Company"), a pioneer in the development and production of bioelectronic devices designed to relieve chronic, intractable, and acute pain through frequency and electro-modulation, is pleased to provide its Financial and Operational Highlights for the three and nine months ended September 30, 2022.
- Electromedical Technologies Announces Financial and Operational Highlights for the Three and Nine Months Ended September 30, 2022
SCOTTSDALE, Ariz., Dec. 5, 2022 /PRNewswire/ -- Electromedical Technologies, Inc. (OTC-QB: EMED) ("Electromedical" or the "Company"), a pioneer in the development and production of bioelectronic devices designed to relieve chronic, intractable, and acute pain through frequency and electro-modulation, is pleased to provide its Financial and Operational Highlights for the three and nine months ended September 30, 2022. - Highlights for the three and nine months ended Sep 30, 2022
Strong net sales during the quarter totaling approximately $280,000, beating both Q1 and Q2 2022 sales. - Net loss for the nine months ended Sep 30, 2022, of $2.64 million, a 60% improvement over net loss for the nine months ended Sep 30, 2021.
- Approximately $900K in net financing used to expedite development of the new WellnessPro Infinity Flagship Device.