Detail akcie Axis Technolgs Grp online

Business Summary: Axis Technologies Group, Inc. (Axis) through its wholly owned subsidiary, Axis Technologies, Inc., is engaged in the development and marketing of daylight harvesting fluorescent lighting ballasts that use natural lighting to reduce electricity consumption. Axis’s market for advertising and selling the product lies within North America. The Company’s primary products are self-contained electronic, dimming and daylight harvesting, fluorescent ballasts. A ballast is an electrical component used with a fluorescent bulb to conduct electricity at each end of the tube. It supplies the initial electricity to the bulb that creates light, and then it regulates the amount of electricity flowing through the bulb so that it emits the right amount of light.Axis’s primary product is the T8 Axis Daylight Harvesting Dimming Ballast. This ballast uses technology that transforms the standard ballast, into a energy saving system.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2009, Axis Technologies Group Inc revenues decreased 38% to $429K. Net loss increased 38% to $2.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Interest expense increase of 87% to $1.6M (expense), Interest income decrease from $4K (income) to $0K.