Perpetual Industries (OTC: PRPI), a diversified research and development company of energy-efficient technologies and products, today announced its financial and operating results for the third quarter of 2021. Among the highlights, the company recorded an increase in gross revenues to $5,142,718 in the nine months ending Sept. 30, 2021, over the same period in 2020. In addition, Perpetual achieved an increase in gross profits to $2,869,103 in the nine months ending Sept. 30, 2021, as week as a 443% growth in recorded net income to $566,676 in the three months ending Sept. 30, 2021, versus the same timeframes in 2020. “Our continued growth is a testament to the strength of our divisions and our commitment to the company’s operational plan,” said Brent Bedford, Perpetual’s chief executive officer. “We see significant opportunities ahead to continue building sustainable, long-term value for our stakeholders.”
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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.
NOTE TO INVESTORS: The latest news and updates relating to PRPI are available in the company’s newsroom at https://ibn.fm/PRPI
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