MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation (NASDAQ:MNGA) Projects Revenue Growth

MagneGas Corporation (NASDAQ:MNGA) Projects Revenue Growth

MagneGas Corporation (NASDAQ:MNGA) shares traded higher after the clean technology company said it expects its full-year revenues to increase by 120%. The stock gained 2.2% to end Monday’s trading session at $0.435 a share.

MagneGas Corporation (NASDAQ:MNGA) Projects Revenue Growth

Revenue Growth

Monday’s rally did not have a big impact on the stock’s direction of trade. MagneGas Corporation (NASDAQ:MNGA) stock is down by more than 80% for the year.

For the full year, the company expects revenues of $7.5 million, up from $3.4 million reported last year. The expected growth follows the execution of an ambitious growth strategy over the past year, which Chief Financial Officer, Scott Mahoney, says has allowed the company to focus on sales.

MagneGas Corporation (NASDAQ:MNGA) has successfully expanded its distribution network by expanding relationships across the eastern part of the U.S. in addition to pursuing sales opportunities in Italy and Germany.

“The Company made a strategic decision a year ago to focus on immediate revenue generation, improving cash flows and profitability. I am pleased to report that we have turned the corner, and we are on pace to generate more revenues in the fourth quarter of 2017 than we have in any full fiscal year in our corporate history,” said Ermanno Santilli, CEO of MagneGas.

The ambitious growth strategy has allowed MagneGas Corporation (NASDAQ:MNGA) to record a material increases in operating cash flows.

4th Generation Gasification System

Separately, MagneGas Corporation (NASDAQ:MNGA) has completed the design process of a revolutionary 4th generation gasification system. Development of the new system is expected to put the company ahead of the competition.

The 4th generation gasification system will reduce total production costs by at least 50% in addition to a 75% reduction in power consumption per cubic foot. MagneGas hopes the new gasification system will gain significant market share.

“This new system should significantly reduce the cost of MagneGas2® production. It also has the potential to open lucrative markets in the gasification of solids and solid wastes such as coal and plastics,” said Mr. Santilli.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MNGA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

MagneGas Corporation (NASDAQ:MNGA) Unveils 4th Generation System

MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation (NASDAQ:MNGA) gained 0.11% after announcing the completion of a design process, to prototype a revolutionary gasification system with multi-fuel capability. The new system will reportedly put the company ahead of other gasification technologies.

MagneGas Corporation (NASDAQ:MNGA)

4th Generation Gasification System

The new system is designed to enable the gasification of any liquid or powderized material at higher rates of efficiency than other systems in the market. MagneGas Corporation (NASDAQ:MNGA) is projecting up to 75% reduction in power consumption with the new system which should lead to an increased production rate of over 500% at 300Kw of power.

MagneGas Corporation (NASDAQ:MNGA)’s 4th generation gasification system will reduce total production cost by at least 50%, making MagneGas2 more cost effective than acetylene. Its pricing should also give it a competitive edge in the market, allowing it to gain a significant amount of market share in the global cutting fuel market.

“This new technology is four years in the making, and our engineering team has worked diligently to design a multi-feedstock system. This new system should significantly reduce the cost of MagneGas2® production. It also has the potential to open lucrative markets in the gasification of solids and solid wastes such as coal and plastics,” said CEO Ermanno Santilli.

According to the Chief Executive Officer, the expected reduction in production costs should allow the company to penetrate the acetylene market at scale. The executive also expects the new system to unlock massive global market for cutting fuels.

The unveiling of the new gasification system comes at a time when MagneGas Corporation (NASDAQ:MNGA) has been consulted by its European Partner to provide consulting services focused on identifying applications of MagneGas technology in Europe. The initial value of the contract is $500,000 but could increase to $1 million.

Social Stock Exchange Ratification

In addition, MagneGas Corporation (NASDAQ:MNGA) has been approved as a member of the Social Stock Exchange. The ratification will provide the company with access to Europe’s only regulated exchange, dedicate to businesses and investors seeking to achieve positive social and environmental impact.

“The Social Stock Exchange is a very exclusive platform that grants us access to additional European investors that are focused on impact funding and alternative green technologies. This is a perfect fit for us as we continue to accelerate our business opportunities in Europe,” said CFO Scott Mahoney.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MNGA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation (NASDAQ:MNGA) Receives $1.58 Million Order

MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation (NASDAQ:MNGA) shares fell 6.10% after the clean technology company announced the sale of a gasification unit for $1.58 million. The order builds on a previously announced consulting agreement in Europe where the company is aggressively pursuing sales opportunities.

MagneGas Corporation (NASDAQ:MNGA)

Europe Sales Push

Investor’s reaction, however, has not been good even as the company moves to pursue new sales opportunities beyond Germany. The stock continues to languish near all-time lows after remaining under pressure for the better part of the year. MagneGas Corporation is down by more than 80% for the year.

According to the Chief Executive Officer, Ermanno Santilli, the sale is a milestone achievement as it helps build a pipeline that the company will be able to leverage in the coming months. The unit will be placed in the Nordics region for the production of MagneGas2 from Butanol. It may also be placed in continental Europe at large steel mill.

The sale builds on a$1.9 million deal that MagneGas Corporation (NASDAQ:MNGA) inked early in the month for a gasification unit for the production of MagneGas2 in European markets.

“We were impressed by the quality of the opportunity pipeline that our distributor in Europe has developed in a relatively short period of time and this latest opportunity demonstrates continued success in penetrating a customer base which is ready for a replacement product to legacy acetylene,” commented MagneGas CFO Scott Mahoney.

MagneGas Consulting Contract

In addition, MagneGas Corporation has been contracted by a European partner to provide consulting services focused on identifying and validating the application of their proprietary technology in Europe. The value of the contract is $500,000 and could increase to $1 million – depending on the scope.

Under terms of the deal, the clean technology company is to gain access to an approved range of testing facilities that are approved for waste streams. MagneGas Corporation (NASDAQ:MNGA) is also tasked with the responsibility of determining the economic value and technical feasibility of new gasification and sterilization solutions in Europe. Mr. Mahoney expects the contract to further accelerate the company’s commercialization efforts in Europe.

“There is significant pent-up demand in Europe, due to the regulatory environment and other factors, which represents an immediate and sizable market opportunity for MagneGas,” said Mr. Mahoney.

Separately, MagneGas Corporation (NASDAQ:MNGA) has signed a Letter of Intent for the acquisition of an independent industrial gas and welding supply business, expected to generate over $1.6 million in annual revenues.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MNGA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation (NASDAQ:MNGA) Preliminary Numbers Shock

MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation (NASDAQ:MNGA) stock is up over 50% as the trading day approaches lunchtime. Volume in MNGA stock is very heavy. The listed average daily volume is just over 332,000 but by mid-day over 7.2 million shares traded hands. The increased price and volume activity is due to the company’s release of preliminary Q2 financial results.

MagneGas Stock Chart:

MagneGas Corporation (NASDAQ:MNGA)
One month stock price chart for MNGA

MagneGas Corporation (NASDAQ:MNGA), headquartered in Tampa, FL, is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. MagneGas Corporation sells MagneGas® to the welding market as a faster, safer, and hotter substitute for acetylene. The company is developing a variety of supplementary uses for MagneGas® fuels by exploiting its high burn temperature for co-combustion of hydrocarbon fuels. It is also selling equipment for the sterilization of bio-contaminated liquid waste (such as pig manure) for several industrial and agricultural markets.

The company’s Q2 2017 preliminary results were reported this morning through a company press release. Preliminary Q2 2017 revenues for MagneGas Corporation (NASDAQ:MNGA) were $966,204 versus $837,257 for the same period last year. According to the company’s press release, the increase was primarily due to an increase in customers and distributors. Preliminary gross profit for the second quarter ending June 30, 2017 increased to $433,547 compared to $364,982 for Q2 2016. Preliminary Q2 2017 operating expenses were $3.1 million, compared to $2.8 million for the same period last year. Preliminary operating expenses for the three months ended June 30, 2017 included a non-cash charge of $1.6 million in stock based compensation.

Ermanno Santilli, Chief Executive Officer of MagneGas Corporation (NASDAQ:MNGA), stated:

We experienced a 50.1% increase in metal cutting fuel revenue in the second quarter of 2017 versus the same period last year. This compares favorably the industry growth rate of just 2-3%. Our growth in this segment is primarily due to the successful expansion into two new markets, which have begun to deliver consistent and scaled revenues for the Company in 2017. We have implemented additional sales and marketing initiatives, which we expect will help further drive our growth going forward. In addition, we are utilizing MagneGas2® as a key introductory product to penetrate large industrial clients. We then look to aggressively expand these relationships where we can profitably cross sell non-proprietary products. As an example of our success, our Sarasota, Florida location, opened in January of this year, is on pace to generate over $1 million in annualized revenue within the coming quarters. We look to replicate this success as we grow our Huntington, Indiana location, followed by additional locations planned in Florida in the coming quarters.”

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MNGA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation (NASDAQ:MNGA) Awarded Ground Breaking Patent

MagneGas Corporation (NASDAQ:MNGA)

Shares of MagneGas Corporation (NASDAQ:MNGA) dropped 6.68% even as the company announced that the U.S. Patent and Trademark Office (USPTO) had granted it a ground breaking patent.  The ‘MagneCule’ patent details the use of energy in a manner that changes the shape of affected molecules – thereby changing their bonding mechanism.

NASDAQ:MNGA
One Month Daily Candlebar Graph for $MNGA

Ground Breaking Patent

According to the MagneGas Corporation (NASDAQ:MNGA) a change in the bonding mechanism could lead to a more effective energy footprint – particularly in hydrogen molecules. The patented MagneCule theory according to chief executive officer Ermanno Santilli has numerous applications in the energy, transportation, and space industries.

“We believe that as these industries are under pressure to innovate, our newly released patented technology places us in an ideal position to provide value added innovation to numerous applications,” said Mr. Santilli

MagneGas Corporation (NASDAQ:MNGA) is planning to explore a low-cost proof-of-concept development project, and licensing opportunities, to validate the new technology. Chief Financial Officer Scott Mahoney expects development projects to help expand the company’s footprint in the target industries.

MagneGas Corporation (NASDAQ:MNGA) is an alternative energy company focused on the production of hydrogen-based fuel through gasification of carbon rich liquids. The company boasts of a patented process that converts liquid wastes into MagneGas fuels. The company’s leading product, MagneGas2, has already proved to be cleaner, more productive, and faster than other alternatives in the market.

MagneGas2 Marketing Drive

The company recently confirmed the appointment of a senior supply chain industry executive who could attract up to 80 distinct automotive fabrication and manufacturing facility relationships. MagneGas Corporation (NASDAQ:MNGA) expects the relationships to help drive sales for MagneGas2.

Some of the facilities have an annual spend of between $75,000 and $100,000 on alternative sources of energy. The hire, according to the CEO, represents a significant step in the company’s push to penetrate the global automotive industry.

Last month, MagneGas Corporation (NASDAQ:MNGA) received a grant of $431,874 from the US Department of Agriculture, the grant is to be used to accelerate the commercialization of MagneGas Plasma Arc Venturi stabilization system.  The company plans to carry out a number of commercialization projects in the U.S, Europe, Latin America and Asia.

“This funding provides a significant source of non-dilutive capital for further investment in our sterilization business segment,” said Mr. Mahoney.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MNGA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.