Revenue increased 719% year-over-year is what GlyEco is doing these days. Today, GlyEco has released their Q2 2013 financial results and they are quite impressive. Here are some of the key highlights from their report:

Second Quarter 2013 Financial Summary – Q2 2013 over Q2 2012

• Net sales increased 719% to $1.4 million, up from $173,117
• Gross profit increased 1,210% to $475,609, up from $36,301
• Gross profit margin increased to 34%, up from 21%
• Net loss decreased 61% to $199,435, down from a loss of $506,911
• Net loss per share decreased 50% to $0.01 per share, down from a loss of $0.02 per share
• Shareholders' equity increased 54% to $5.3 million, up from $3.4 million

Click here to read the entire release on their results.

Also announced today, GlyEco will host a conference call on Monday, August 19, with CEO John Lorenz and CFO Alicia Williams Young at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). To participate in the call, please dial (877) 941-8416, or (480) 629-9808 for international calls, approximately 10 minutes prior to the scheduled start time.

A replay of the call will be available for two weeks from 7:30 p.m. ET on August 19, 2013, until 11:59 p.m. ET on September 2, 2013. The number for the replay is (877) 870-5176, or (858) 384-5517 for international calls; the passcode for the replay is 4636193.

For an exclusive look into GlyEco, check out our interview with CEO John Lorenz and our full report.

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Founder and Editor-in-Chief for NBTEquitiesResearch.com. Contributor and Anchor for the Fox News Channel and Fox Business Network 2000-2013. Chairman & CEO of NBT Group, Inc., a boutique private capital investment bank and investor relations organization.

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