- Sales Still Expected To More Than Double In 2020
RENO, Nevada, April 9, 2020 /PRNewswire/ -- Itronics Inc. (OTC: ITRO), an emerging 'Clean Tech Materials' gowth Company that manufactures GOLD'n GRO Multi-Nutrient Fertilizers and produces Silver, today announced sales results for the first quarter which ended March 31, 2020.

Total Revenues for the three months ended March 31, 2020 were $669,021, up 76 percent compared to $380,531, in the same period in 2019. The increase was produced by a 68 percent increase in fertilizer sales and a 298 percent increase in silver sales compared to the prior year period.

The Company believes it is still on a path to more than double sales for the full year 2020, driven by a strong fertilizer marketing program and solid field demonstrations showing improved crop quality and yield. The outlook for silver sales is for a further increase in 2020 due to ongoing pilot scale circuit board refining operations continuing to produce bullion for periodic shipment.

March GOLD'n GRO fertilizer sales growth was reduced against forecast due to cool rainy weather in our markets, delaying those sales into the second quarter. Uncertainties created by the Covid-19 virus pandemic may be negatively affecting sales to an unknown degree. "In spite of the enormous uncertainties which emerged in mid-February and continued through March, the fact that our sales increased by 76 percent is very positive," said Dr. John Whitney, Itronics' President. "We are confident that the Company is still on a path to more than double sales in 2020"

During the first quarter the Company announced completion of a detailed three-year growth plan for Reno manufacturing operations, and a 10-year growth plan for consolidated operations that include expansion to the new "Itronics Clean Materials Technology Campus near Yerington, NV." Itronics is expecting to achieve rapid growth over the next several years, driven by GOLD'n GRO fertilizer sales and supported by development of additional technologies from the Company's portfolio of "Zero Waste Energy Saving Technologies".

2020 First Quarter Sales Results

?Unaudited Revenues for the first quarter ended March

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