San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home 
Abbott Laboratories Ordered to Pay $53 Million in Premature Infant Formula Lawsuit 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
Pony.ai, Uber, and Verne Launch Europe's First Commercial Robotaxi Service in Zagreb 
NIO ES9 SUV Launch Sends HK Shares Down 7% Despite Bold Pricing Strategy 
OpenAI Addresses Security Vulnerability in macOS App Certification Process 
Tokyo Electric Power Attracts Major Investors Amid Billion-Dollar Restructuring Push 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
ROYAL OAK, Mich., Feb. 14, 2017 -- Bonal International, Inc. (OTC:BONL) announced today third quarter unaudited results ending December 31, 2016. Revenue for the third quarter was $393,298, down twenty six percent from last year’s third quarter of $532,288. Net loss for the quarter was a small loss of $5,060 compared with last year’s small gain of $18,482 net income for the same quarter.
“During the quarter, Bonal focused on expanding market awareness for our patented process,” said Thomas E. Hebel, President and CEO of Bonal International, Inc. “Sixty-two percent of our sales by volume were from new businesses. Additionally, we expanded our international presence by signing a foreign agent to represent Bonal in Norway, Sweden, and Denmark.”
| Third Quarter Ending December 31 | |||||
| 2016 | 2015 | ||||
| Revenue | $ | 393,298 | $ | 532,288 | |
| Net Income | $ | (5,060 | ) | $ | 18,482 |
| Net Earnings Per Share | $ | 0.00 | $ | 0.01 | |
Revenue for the nine months ending December 31, 2016 was down thirty-three percent to $1,191,383 from $1,784,723 over the same period in fiscal year 2016. The nine months year-to-date net income was a slight loss of $9,920 down from last year’s net income of $227,249 over the same period.
| Nine Months Ending December 31 | |||||
| 2016 | 2015 | ||||
| Revenue | $ | 1,191,383 | $ | 1,784,723 | |
| Net Income | $ | (9,920 | ) | $ | 227,249 |
| Net Earnings Per Share | $ | (0.01 | ) | $ | 0.13 |
Bonal International, Inc., through its wholly owned subsidiary, Bonal Technologies, Inc., is the patent holder and world’s leading provider of sub-harmonic vibratory stress relief and weld conditioning technology. Bonal provides three lines of equipment – Meta-Lax® Stress Relief and Weld Conditioning, Pulse Puddle Arc Welding®, and Black Magic® Distortion Control, which are sold in the United States and more than 60 countries worldwide. Headquartered in Royal Oak, Mich., Bonal serves the aerospace, armament, automotive, petroleum, die-casting, mining, racing, machine tool building, plastic molding, shipbuilding, and welding industries. Bonal’s Meta-Lax technology is used for eliminating thermal stress in metal parts, thereby preventing warping and cracking, at a fraction of the energy and monetary costs of competing technologies. More information can be found at www.Bonal.com or by calling 1-800-Meta-Lax.
Contact: Thomas E. Hebel Toll Free: 800.638.2529 ext.236 International: 248.582.0900 ext.236 Email: [email protected]
