185 0 Kommentare C-Bond Systems Reviews 2023 Highlights Including Record Revenue

Highlights include record revenue so far this year, asset sale of $4 million, strengthened balance sheet, elimination of convertible debt, and a strong pipeline for 2024

SAN ANTONIO, Jan. 04, 2024 (GLOBE NEWSWIRE) -- C-Bond Systems (the “Company” or “C-Bond”) (OTC: CBNT), a developer and marketer of glass strengthening solutions for enhanced safety, announced today its 2023 highlights. The Company also participated in an investor podcast to discuss 2023 achievements and 2024 goals, which can be heard here: https://www.youtube.com/watch?v=64_UULOJ3zM

2023 Highlights

Revenue was over $1.7 million for the first nine months of 2023, exceeding revenue for the first nine-month period of any prior year, even without the contribution of any revenue from our previously owned C-Bond nanoShield product, which we sold in the second quarter of 2023
C-Bond sold its C-Bond nanoShield windshield strengthener and related automotive assets for more than $4 million
Company strengthened its balance sheet, paid off debt, and restructured its last remaining convertible note to eliminate convertible features and stop accruing interest
C-Bond filed to officially establish Patriot Glass Solutions as a subsidiary as a result of expanding operations and strong revenue growth, with its products now installed in 162 schools in Texas as well as many other commercial facilities
Strong pipeline of purchase orders already received for 2024

“2023 was a transformational year for us as we sold the C-Bond nanoShield business, allowing us to strengthen our balance sheet and focus on our core Patriot Glass Solutions products,” stated Scott R. Silverman, Chairman and CEO of the Company. “Further growing our Patriot Glass Solutions subsidiary and our best-in-class products is our primary goal for 2024. We already have a solid pipeline of projects lined up to begin in 2024 and we will continue to expand by getting our ballistic and security film products specified by architects and growing our dealer network across the country.”

Patriot Glass Solutions protects personal, commercial and government property from looting, smash-and-grabs, break-ins, and gunfire. Its leading products are C-Bond BRS, a ballistic-resistant film system, and C-Bond Secure, a multi-purpose glass strengthening primer and window film mounting solution that deters forced entry.