Entrepreneurs / Small Business  February 6, 2020

Encision grows profits after summer layoffs

BOULDER — Encision Inc. (PK: ECIA) turned a profit in the previous quarter, months after it laid off four employees over the summer.

The Boulder surgical equipment company posted a $70,000 profit after $2.04 million in revenue from October to December 2019, according to its quarterly earnings report Thursday morning. That beats the company’s $84,000 loss during the same period in 2018.

Encision laid off four employees in August, bringing its total there to 27. CEO Greg Trudel said at the time that the U.S.-China trade war raised prices for steel and other raw materials, cutting into the company’s finances.

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The company posted a $30,000 profit on $1.92 million in revenue in the third calendar quarter of 2019, which followed the layoffs and cost-cutting efforts.

Encision’s stock increased one cent in early trading Thursday to 49 cents per share on the over-the-counter markets.

BOULDER — Encision Inc. (PK: ECIA) turned a profit in the previous quarter, months after it laid off four employees over the summer.

The Boulder surgical equipment company posted a $70,000 profit after $2.04 million in revenue from October to December 2019, according to its quarterly earnings report Thursday morning. That beats the company’s $84,000 loss during the same period in 2018.

Encision laid off four employees in August, bringing its total there to 27. CEO Greg Trudel said at the time that the U.S.-China trade war raised prices for steel…

Ken Amundson
Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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