Itronics Inc., a diversified fertilizer and silver producing green technology company based in Reno, announced sales results and summarized its operations and diversification progress for the first quarter ended March 31.
Total first quarter sales decreased 30 percent on a 30 percent decrease in fertilizer sales, an 8 percent increase in silver sales and a 15 percent increase in photo services sales.
Total revenues for the three months ended March 31, 2016 were $373,000 compared to $530,000 in the same period in 2015. Silver sales, the silver stripped from the wastes used to manufacture the fertilizers, increased eight percent. Photo Services increased 15 percent due to a 39 percent increase in spent silver-bearing photo liquids being received. Silver content of those liquids increased by 57 percent and is now in the unprocessed photo liquid inventory for future recovery.
For a full report, go online at: http://www.marketwired.com/press-release/-2116477.htm.
