As the earnings season continues, it is a good time for investors to take a look at the performance of some select companies. The medical technology sector leader Brain Scientific Inc (OTCMKTS:BRSF) was in the news yesterday after it announced its financial results for the third fiscal quarter that had ended on September 30, 2021.
Market Action
On Thursday, BRSF stock decreased 2.55% at $0.2680 with more than 39.30K shares, compared to its average volume of 13.93K shares. The stock has moved within a range of $0.2601 – 0.2800 after opening the trade at $0.2700.
Earnings Recap
However, at the same time, it should be noted that the financial results did not come as a boost to the stock and it ended the day with a decline of 3%. That took the losses recorded by the stock over the course of the past week to as much as 10%.
In this situation, it might be a good idea to take a closer look at some of the highlights from the financial results. The company managed to bring in product revenues to the tune of as much as $185,000 for the third quarter and that was higher than the $145,000 that it had generated in the prior year period.
On the other hand, the selling, administrative and general expenses soared to $58,000 for the quarter from $380,000 in the prior year period. It remains to be seen if the stock can make a recover today.
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