CARLSBAD, CA / ACCESSWIRE / July 27, 2021 / WeShield, a wholly-owned subsidiary of OPTEC International, Inc. (OTC PINK:OPTI), posted YTD revenues of $40 million with EBIDTA of $6.7 million, or 17% of revenue. Q2 revenues for WeShield finished at $19.2 million with EBIDTA of $3.5 million or 19% of revenue.
2020 audited financials for WeShield were recently released showing the company generated $59 million in revenue with an EBIDTA of $5.6 million or about 10%. The Company reports growth in both the PPE and medical supply sector with additional long-term contracts signed and expects an impact from the DELTA variant to be realized later this year. Further profits from economies of scale, like warehousing and logistics, consolidating the marketing, sales, accounting, and legal departments will also be realized in late 2021.
In addition, the Company expects further long term growth from the following initiatives:
Optec International's Wholly-Owned Subsidiary, Weshield Posts Q1 and Q2 Revenues of $40 Million With EBITDA of $6.7 Million
Jul 27, 2021
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