TRNX - Taronis Technologies, Inc.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
0.3945
-0.0020 (-0.50%)
At close: 4:00PM EDT
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Previous Close0.3965
Open0.3947
Bid0.3945 x 3200
Ask0.3973 x 900
Day's Range0.3632 - 0.4200
52 Week Range0.1300 - 13.6000
Volume9,094,871
Avg. Volume18,467,489
Market Cap6.8M
Beta (3Y Monthly)-1.76
PE Ratio (TTM)N/A
EPS (TTM)-2.0610
Earnings DateAug 19, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est6.50
Trade prices are not sourced from all markets
  • Taronis Tech makes stock adjustments to continue Nasdaq listing and attract prospective shareholders
    American City Business Journals

    Taronis Tech makes stock adjustments to continue Nasdaq listing and attract prospective shareholders

    Taronis is expected to begin trading on a split-adjusted basis on Aug. 26 under the same Nasdaq market symbol.

  • ACCESSWIRE

    Taronis Extends Taronis Fuels Dividend Record Date

    PHOENIX, AZ / ACCESSWIRE / August 22, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced that it has filed a Certificate of Amendment to its Certificate of Incorporation to effect a 1-for-5 reverse stock split, effective as of 5:00 p.m. Eastern Time today. The reverse stock split was affected by Taronis in accordance with the authorization provided by the Company’s stockholders at its previously adjourned 2018 Annual Meeting of Stockholders held on August 20, 2019. Proportional adjustments will be made to the conversion and exercise prices of the Company's outstanding warrants, convertible notes, convertible preferred stock and stock options, and to the number of shares issued and issuable under the Company's equity compensation plans.

  • ACCESSWIRE

    Water Pilot's AI Navigator Provides Immediate Benefit to Holiday Inn Franchisee

    PHOENIX, AZ / ACCESSWIRE / August 22, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, recently announced the pilot installation for a new client with 83 hotel franchise locations under its majority-owned subsidiary, the Water Pilot, LLC (“Water Pilot”). This client had both the Water Pilot valve and the AI Navigator installed as a paid pilot test at a Holiday Inn franchise location in Plantation, Florida. Based on the Company’s analysis, this leak would have cost an estimated $13,000 or more in annual water bills.

  • Taronis Tech reports increased revenue for Q2 despite doubt about its ability to continue
    American City Business Journals

    Taronis Tech reports increased revenue for Q2 despite doubt about its ability to continue

    Taronis Technologies Inc. ended its fiscal 2019 second quarter with revenues up 102 percent to $5.8 million over last year, due in part to the number of acquisitions the Clearwater-based company has made in the last 12 months, according to a U.S. Securities and Exchange Commission filing. As of June 30, Taronis (NASDAQ: TRNX) had $857,696 in working capital and an accumulated deficit of $91.2 million.

  • ACCESSWIRE

    Water Pilot Wins New Wendy's Install

    PHOENIX, AZ / ACCESSWIRE / August 20, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, announced that its majority-owned subsidiary, The Water Pilot, LLC (“Water Pilot”) has executed a follow on installation order from a large Wendy’s franchisee based in the southeastern US. “Our sales team at the Water Pilot continues to execute extremely well,” commented Scott Mahoney, CEO of Taronis.

  • ACCESSWIRE

    Taronis Announces Revised Time for Upcoming Earnings Call

    PHOENIX, AZ / ACCESSWIRE / August 19, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced it will now hold a shareholder town hall meeting via teleconference on Monday, August 19th at 6pm EST. Scott Mahoney, Chief Executive Officer of Taronis, will host the call and provide an update on recent developments and plans for 2019. The conference ID for both the call and webcast is 13693928.

  • ACCESSWIRE

    Taronis Generates Record Quarterly Revenues of $5.9 Million

    PHOENIX, AZ / ACCESSWIRE / August 19, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, announced its quarterly results of operations for the second quarter of 2019 today. The increase was in part due to acquisitions made in the last 12 months. The Company also demonstrated accelerated organic growth in revenues during the second quarter.

  • ACCESSWIRE

    Taronis Announces Second Quarter Earning Call

    PHOENIX, AZ / ACCESSWIRE / August 15, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced it will hold a shareholder town hall meeting via teleconference on Monday, August 19th at 5pm EST. Scott Mahoney, Chief Executive Officer of Taronis, will host the call and provide an update on recent developments and plans for 2019. The conference ID for both the call and webcast is 13693928.

  • ACCESSWIRE

    Taronis Generates July Revenues of $1.9 Million

    PHOENIX, AZ / ACCESSWIRE / August 15, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, announced that revenues generated for the monthly of July were $1.9 million, which represents a 123% increase when compared to $0.84 million in sales during the period in the prior year. Revenue growth was partly due to acquisitions made during the last twelve months, and in part due to accelerating organic growth. The Texas market produced the strongest revenue growth for the month, with sales of just over $0.75 million, for a 285% increase when compared to the same period in the prior year.

  • ACCESSWIRE

    Taronis Fuels Dividend Record Date Is August 15th

    PHOENIX, AZ / ACCESSWIRE / August 12, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, provided an update on the proposed spin-off of Taronis Fuels, which is currently a wholly-owned subsidiary of Taronis Technologies. Taronis Fuels has been granted an exclusive, global license for all existing patents held by Taronis Technologies. In exchange for this license, Taronis will receive a 7% royalty on any revenue generated from the sale of gasification units or fuel products such as MagneGas.

  • Taronis signs $14M memorandum with El Salvadorian partner
    American City Business Journals

    Taronis signs $14M memorandum with El Salvadorian partner

    The memorandum is part of a planned Latin American expansion for the company that could be worth up to $210 million.

  • ACCESSWIRE

    Taronis Enters into MOU with Latin American Fuels Distributor

    PHOENIX, AZ / ACCESSWIRE / August 5, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced that its wholly-owned subsidiary, Taronis Fuels, Inc. (“Taronis Fuels”), has entered into an initial $14 million Memorandum of Understanding (“MOU”) with a strategic partner in El Salvador to form a new joint venture, Taronis, S.A. de C.V. Taronis Fuels, Inc. (“Taronis Fuels”), which is expected to be spun-out of the Company on approximately September 1, 2019, will own ninety percent (90%) of Taronis, S.A. de C.V. The MOU is for the exclusive production, marketing and sale of MagneGas in El Salvador.

  • ACCESSWIRE

    Water Pilot Completes Two Installs with Major Retailer

    PHOENIX, AZ / ACCESSWIRE / August 1, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced that its majority-owned subsidiary, Water Pilot, LLC (“Water Pilot”) has successfully completed two pilot installs with a top national retailer for its new product, the A.I. Navigator. The A.I. Navigator is a new product offering from the Water Pilot that enables the continuous remote monitoring of the plumbing infrastructure of a building for leak detection purposes. “This is another meaningful accomplishment for our Water Pilot sales team,” commented Scott Mahoney, CEO of Taronis.

  • ACCESSWIRE

    Taronis Completes Industrial Gas Fill Plant Installation in Florida

    PHOENIX, AZ / ACCESSWIRE / July 29, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced that it has successfully commissioned its new industrial gas fill plant facilities in Clearwater, Florida. The installation process began in the fourth quarter of 2018, and is intended to play a significant role in the expansion of the Company’s competitive positioning in the Florida market. The Company operates four locations in Florida under the new national retail brand, MagneGas Welding Supply.

  • American City Business Journals

    Former Taronis Technologies CEO resigns from company positions

    The Clearwater company requested the resignation of Ernmanno Santilli on June 19.

  • ACCESSWIRE

    Taronis Announces Director’s Resignation

    PHOENIX, AZ / ACCESSWIRE / July 25, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced that on July 23, 2019 Mr. Santilli voluntarily resigned from the Board of Directors of Taronis Technologies. The Company thanks Mr. Santilli for his years of service and wishes him well in his future endeavors. Taronis Technologies, Inc. (TRNX) owns a patented plasma arc technology that enables two primary end use applications for fuel generation and water decontamination.

  • Taronis Technologies (TRNX) Tempts Investors With Turkish Delight
    TipRanks

    Taronis Technologies (TRNX) Tempts Investors With Turkish Delight

    Established in 2005 with the aim of developing hydrogen-based synthetic fuels that can be used as an alternative other natural gas-derived fuels in metal cutting and other industries, Phoenix, Arizona-based Taronis Technologies (TRNX) has gotten off to a rough start.In fact, the company has only earned a full-year profit once in its history, and that just barely -- about $24,000 -- and nearly a decade ago. In contrast, the company's losses amount to more than $78 million accrued over 15 years of work.Taronis stock -- and Taronis stockholders -- have arguably had an even worse time of things. The company's share price has lost 99.998% of its value over the past five years, including more than a 90% drop over just the last year alone.Despite all this, H.C. Wainwright analyst Amit Dayal reiterates a Buy rating on Taronis stock with a $2.00 price target, which implies nearly 326% from current levels. (To watch Dayal's track record, click here)Why?The most obvious answer would appear to be: Momentum. Between Friday of last week and Monday of this, Taronis stock soared 77% on news that the company has just signed a contract to sell "up to" 30 gasification units" to an unspecified "Turkish organization" over the next three years. As the company's press release advised, the first 15 units will be sold over an 18-month period, followed by a potentially exercisable "option" to sell a further 15 units over the next 18 months.And these units won't come cheap. "Each gasification unit carries an upfront purchase price of $3.75 million," said Taronis, "and would include a 10 year maintenance contract for an additional $1.75 million per unit." If you add all that up and multiply by 30, we're talking potentially $165 million in sales revenue -- and Taronis says it's also getting "a perpetual 3% royalty on all gas produced" from these units.What's more, "the Company estimates that Turkey may likely ultimately require approximately 75 units to service the entire economy" -- so go as long as we're imagining pie in the sky possibilities here, go ahead and multiply that number by another 2.5x -- $412.5 million.For a company like Taronis, which did all of $9.7 million in sales last year, this is obviously a big deal -- assuming it's real.Dayal, apparently taking Taronis's news release more or less at face value, works the numbers and predicts that the company will end this year with $24.3 million in revenue -- more than twice the amount of business it did last year -- and then proceed to grow that number at a 28.5% annualized clip, eventually hitting $109.1 million in annual sales by 2025. Moreover, Dayal predicts that operating expenses will decline in the first year of this contract, then grow ever so slowly -- 5% per year -- from 2020 to 2025.Result: Beaucoup profits for Taronis, a $2 per share valuation, and a "buy" rating from Dayal.Admittedly, there are risks, among which Dayal lists "merger integration risk," "execution risk," "commodity price risk," and "dilution risk."To which I'd add just one more: Mirage risk. As in, if this whole multi-hundred-million Turkish opportunity turns out to be an illusion, investors who bought Taronis stock hand over fist earlier this week, could soon rue the day. (See stock price targets and analyst ratings on TipRanks)

  • ACCESSWIRE

    Water Pilot Expands Pilot Relationship with Holiday Inn Franchisee

    PHOENIX, AZ / ACCESSWIRE / July 24, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced that is majority-owned subsidiary, Water Pilot, LLC (“Water Pilot”) has expanded its pilot program with a major regional hotel owner and operator in the southeastern US. This second Water Pilot valve installation was at a franchisee operated Holiday Inn in Plantation, Florida. “This is another excellent milestone in the commercialization of our Water Pilot water conservation technology,” commented Scott Mahoney, CEO of Taronis.

  • Taronis Tech inks potential $165M deal to sell units to Turkish gas consortium
    American City Business Journals

    Taronis Tech inks potential $165M deal to sell units to Turkish gas consortium

    “This has the potential to be a financially transformational opportunity for our company,” the local CEO said.

  • Taronis Technologies News: Why TRNX Stock Is Rocketing Higher Today
    InvestorPlace

    Taronis Technologies News: Why TRNX Stock Is Rocketing Higher Today

    Taronis Technologies news about a $165 million deal for the clean technology company has TRNX stock soaring on Monday.Source: Shutterstock Taronis Technologies (NASDAQ:TRNX) notes that a new deal will have it selling gasification units to a buyer in Turkey. The agreement will have the group buying a minimum of 15 units over an 18-month period. There's also an option for the buyer to purchase an additional 15 units for a total of 30.The Taronis Technologies news release about the deal mentions that the upfront purchase price of the units is $3.75 million. There's also an additional $1.75 million charge per unit that covers 10 years of maintenance on the gasification devices.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe deal doesn't just stop with the $165 million. That price doesn't include royalties that will be paid to Taronis Technologies. This will have TRNX receiving a perpetual 3% royalty on all gas that is produced.The Taronis Technologies news also includes some high hopes for the company. It mentions that the market in Turkey will likely need a total of 75 of its gasification units to serve the entire economy. This doesn't guarantee any type of deal for more units, but is worth mentioning. * 7 Defense Stocks to Buy to Fortify Your Portfolio Taronis Technologies points out that it will need to get regulatory approval from official in Turkey in the fourth quarter of 2019. This is one of the conditions with its buyer before the deal can move forward. After it does this, it will be able to receive an initial 25% payment from the buyer.TRNX stock was up 71% as of noon Monday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon As of this writing, William White did not hold a position in any of the aforementioned securities.The post Taronis Technologies News: Why TRNX Stock Is Rocketing Higher Today appeared first on InvestorPlace.

  • ACCESSWIRE

    Taronis Executes $165 Million Contract

    PHOENIX, AZ / ACCESSWIRE / July 22, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced a binding, definitive purchase contract for up to 30 gasification units on behalf of Taronis Fuels, Inc. The contract consists of an initial purchase of 15 units over 18 months. The Company estimates that Turkey may likely ultimately require approximately 75 units to service the entire economy. The counterparty is a Turkish organization that has partnered with five of the largest industrial gas distributors in Turkey today.

  • ACCESSWIRE

    Taronis Files Proxy Statement

    PHOENIX, AZ / ACCESSWIRE / July 17, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, announced to today that it has filed a Preliminary Proxy Statement pursuant to Section 14(a) with the SEC. The purpose of this filing is to notify shareholders of record that the previously adjourned 2018 Annual Meeting of shareholders will be held on August 20, 2019. The Company will also seek shareholder approval for a reverse split for Taronis Technologies if the Company has not complied with Nasdaq’s minimum $1.00 bid price rule immediately prior to the 2018 Annual Meeting.

  • ACCESSWIRE

    Taronis Announces Shareholder Town Hall and Business Update

    PHOENIX, AZ / ACCESSWIRE / July 17, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced that the Company will host a conference call on Monday, August 5, 2019 at 4:00pm ET. Scott Mahoney, Chief Executive Officer of Taronis, will host the call and provide an update on recent developments and plans for the remainder of 2019. The conference ID for both the call and webcast is 13692846.

  • ACCESSWIRE

    Taronis Completes First Commercial Sterilization of Cyanobacteria

    PHOENIX, AZ / ACCESSWIRE / July 16, 2019 / Taronis Technologies, Inc., (“Taronis Technologies” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced that is has successfully completed a commercial pilot for its water decontamination technology for the remediation of cyanobacteria. The pilot project was the treatment of a cyanobacteria blue green algae bloom at Hibiscus Lake in Clearwater, Florida.

  • ACCESSWIRE

    Taronis to Spin Off Industrial Gas Business Unit

    PHOENIX, AZ / ACCESSWIRE / July 15, 2019 / Taronis Technologies, Inc., (“Taronis Technologies” or “the Company”) (TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced its intention to spin-off its wholly-owned subsidiary, Taronis Fuels, Inc. (“Taronis Fuels”). Taronis Fuels owns and operates MagneGas Welding Supply, the Company’s US industrial gas and welding supply retail business unit. All holders of the Company’s common stock on the record date of August 15, 2019 will receive one share of Taronis Fuels common stock for each share of Taronis Technologies common stock owned on the record date and retained through the distribution date, which is anticipated to be approximately two weeks after the record date.