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Magnegas Corp (MNGA)

Magnegas Corp (MNGA)
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Taronis Technologies Inc. owns a patented plasma arc technology which enables end use applications for fuel generation and water decontamination. The Company is developing end market uses for fuels, including replacement products for propane, compressed natural gas and liquid natural gas. It distributes proprietary metal cutting fuel through its wholly owned distributors ESSI, Green Arc Supply, Paris Oxygen, Latex Welding Supplies, Tyler Welders Supply, United Welding Supplies, Trico Welding Supply and Complete Welding of San Diego. The Company operates primarily in California, Texas, Louisiana and Florida. Taronis Technologies Inc., formerly known as MagneGas Applied Technology Solutions Inc., is based in FL, United States.
(Values in U.S. Thousands) Sep, 2018 Jun, 2018 Mar, 2018 Dec, 2017 Sep, 2017
Sales 2,600 2,910 1,170 1,000 880
Sales Growth -10.65% +148.72% +17.00% +13.64% -9.28%
Net Income -3,610 -3,500 -3,020 -3,880 -3,130
Net Income Growth -3.14% -15.89% +22.17% -23.96% -39.73%
(Values in U.S. Thousands) Sep, 2018 Jun, 2018 Mar, 2018 Dec, 2017 Sep, 2017
Total Assets 20,070 19,520 17,620 11,650 11,130
Total Assets Growth +2.82% +10.78% +51.24% +4.67% -1.42%
Total Liabilities 3,510 5,100 3,470 4,380 4,180
Total Liabilities Growth -31.18% +46.97% -20.78% +4.78% +16.11%
(Values in U.S. Thousands) Sep, 2018 Jun, 2018 Mar, 2018 Dec, 2017 Sep, 2017
Operating Cash Flow -6,340 -3,970 -2,390 -4,790 -3,390
Operating Cash Flow Growth -59.70% -66.11% +50.10% -41.30% -44.87%
Net Cash Flow 1,250 560 1,520 -1,030 -1,520
Change in Net Cash Flow +123.21% -63.16% +247.57% +32.24% -1.33%
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