Electronic Sensor Technology's zNose a big hit in 3Q

Published 14 November 2005

Newbury Park, California-based Electronic Sensor Technology (OTCBB: ESNR), a provider of the zNose solution (among others) to the homeland security market (zNose is a real time analyzer which detects and analyzes all types of vapors and identifies traces of organic, biological, and chemical compounds), had record third quarter sales results for the period ending 30 September 2005. The company generated third quarter revenue of $753,585, which exceeded the total revenue for the first two quarters of the year and represented a 79.6 percent sequential increase in quarterly revenue. For the nine months ending 30 September, the company generated revenue of $1,380,237. We note that the company generated its first month of profitability in September since becoming public. A look inside the company 3Q report shows that the company had the largest order in its history ( a $3 million order for the zNose to be used in Europe); a $1.25 million follow-on orders from Beijing R&D Technology; and orders for zNose from Japan, Turkey, and Korea.-read more at company Web site