Perpetual Industries (OTC: PRPI), an incubator for the development of new and innovative energy-efficient technologies and products, today announced highlights of its financial and operating results for the second quarter ended June 30, 2021. Among the highlights, the company reported recorded revenues of $2,678,361, gross profits of $1,102,822 and cash of $1,605,259, a 172% increase over year ending December 2020. “We are very pleased with our continued improving financial performance during the second quarter. The results again demonstrated our growing potential as we continue to leverage the strengths of our subsidiary and divisions,” said Brent Bedford, Perpetual’s chief executive officer. “We delivered increased growth for the second quarter in a row while making significant progress in the development of our blockchain and new AutoGrafic software divisions.”
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About Perpetual Industries Inc.
Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries is an incubator for the development of new and innovative energy-efficient technologies. The company’s mission is to “perpetuate industry” by bringing value-added technologies to market. At PRPI’s core is a proprietary technology known as the XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy-efficient, environmentally responsible products. The company is expanding its expertise and knowledge of energy-efficient technology by developing low-cost, green energy-powered solutions for a variety of industries, including renewable energy, blockchain mining, artificial intelligence, graphic rendering, internet of things (“IoT”) and cloud computing, while continuing its research, development and commercialization of the XYO Technology in key applications. For more information about the company, visit www.PerpetualIndustries.com.
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