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Attis Industries Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2018 10-Q, filed Aug 20, 2018. Its latest SEC filing is a REVOKED from Apr 15, 2020.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Provides healthcare testing and laboratory services to providers, develops biomass-based materials and fuels for manufacturers, and offers municipalities a community-engagement app.

Who Were Their Customers?

Hospitals contract for laboratory management and consulting; physician practices, long-term-care facilities and home-health agencies are targets for testing. Benefits brokers connect employers to pharmacy-cost services; community pharmacies and municipalities have agreements for pharmacy services and Bright City.

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q2 FY2018, the three months to Jun 30, 2018
Revenue
Net income
▲ Now profitable
vs −$7.6M in Q2 FY2017
  • Nov 20, 2019 Nasdaq delisted the company’s shares Trading was suspended, and the common stock and warrants moved to the OTC Pink Marketplace.
  • Jul 2, 2019 The company said Q1 financial statements should not be relied on The review found errors in warrant liabilities and the accounting for a preferred-stock warrant, lease and patent license.
  • Jun 5, 2019 Acquired a corn ethanol plant and grain malting operation The purchase included the facility’s real estate, intellectual property and other assets related to ethanol production.
  • May 3, 2019 The company said Q2 financial statements should not be relied on The review cited warrant liabilities, unaccrued transaction costs and accounting issues related to acquisitions and a patent license.

From waste to healthcare and biomass The older report described a business centered on solid-waste collection; the latest report describes healthcare services and biomass-based materials and fuels, and says the waste business is being sold.

Who Did They Compete With?

Competes with Quest Diagnostics and Labcorp

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