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IPICO Inc. announces second quarter results and option grant
------------------------------------------------------------------------- Three months ended June 30 (in Canadian dollars, except per share) 2010 2009 ------------------------------------------------------------------------- Revenue $ 1,270,976 $ 1,806,018 Gross margin 504,408 483,313 Gross margin % 40% 27% Total operating expenses 1,792,735 3,148,109 Net loss (1,620,348) (2,737,798) Net loss per share (basic and diluted) (0.03) (0.05) ------------------------------------------------------------------------- -------------------------------------------------------------------------