In May 2013, OxySure Systems, Inc. (OTCQB:OXYS) reported financial results for the first quarter ended March 31, 2013. Total revenues in the quarter were $240K, an increase of a whopping 762% over the same period in 2012 and over twice our forecast of $95K. Revenues were driven by a combination of new customer wins, repeat business with existing customers, and signing new distribution partners both in the U.S. and internationally. International license and distribution payments in the quarter totaled $125k, far greater than we expected. We expect the momentum to continue in 2013 with respect to gaining approvals, and signing new partnerships and distribution agreements.
- For example, in March 2013, the company signed a deal with Aero...
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