Itronics reports 10-percent revenue increase
Itronics Inc., Reno, Nev., reportedtotal revenues for the first nine months of 2009 increased by 10 percent to $2.6 million from $2.4 million in 2008. Revenue growth in the first nine months continued to be driven by increases in silver, up 101 percent, and GOLD’n GRO fertilizers, up 3 percent. The company said revenues from photo services for the quarter declined 12 percent to $27,699, compared to $40,911 last year. For nine months, photo services revenue was $98,751, compared to $112,229.
Photo liquid volumes are still exceeding the quantities needed for GOLD’n GRO liquid fertilizer manufacturing, the company said. (Itronics converts spent photoliquids into pure silver and GOLD’n GRO liquid fertilizers.)
