Edison Investment Research - Taronis Technologies (MNGA) Taronis Technologies - Bolt-on acquisition to improve margins

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Edison Investment Research

Anne Margaret Crow

Taronis Technologies - Bolt-on acquisition to improve margins

Taronis Technologies (formerly MagneGas) has announced its preliminary sales figures for January. In addition, it has acquired an unnamed industrial gas services business based in East Texas for $1.5m, payable in cash. The business adds more than $1m of high-margin service revenues annually and has the potential to cut around $50k of operating expenses each month from the existing operations in East Texas and Louisiana.

21/02/2019 3 EN

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Taronis Technologies

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Anne Margaret Crow

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Taronis Technologies - Bolt-on acquisition to improve margins

Taronis Technologies - Good start to FY19 sales

Taronis Technologies - Continuing with build-and-buy strategy

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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