MD & A and Interim Finacial Statements

developing products to protect hearing and improve listening

Creator of award winning eers custom-fitted earphones

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solyomtwo

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MD & A and Interim Finacial Statements

posted on Nov 28, 2012 10:11AM

Revenue

Revenue for the three-month and nine-month periods ended September 30, 2012 was $267,946 and $640,789 compared to $123,802 and $428,277 in 2011. The low sales volume is mainly attributed to two factors: the continuation of the change in the overall focus of the organization which had begun in 2009 and the gap between the discontinuation of the PCS-100 and PCS-200 and the introduction in March of the PCS-150 and PCS-250. Sales of eers™ products represented approximately 50% of total revenues for the first three quarters of 2012.