Encision reports Q3 revenue $1.4M vs. $1.5M last quarter

Encision’s (ECIA) CEO Robert Fries commented, “The Company’s revenue has continued to decline principally because of procedures that were performed by surgical robots that have replaced our surgical procedures. Looking forward, we expect that this revenue decrease will continue. Gross profit margin percent decreased significantly in the third quarter because of a large increase to the inventory reserve. We are currently performing a restructuring and have reduced operating expenses substantially. This decrease will be recognized in the fourth quarter.”