When a company releases information with regards to discussion among its management with regards to the financial situation and the results from operations, then it is something that almost all investors are interested in.
On Wednesday, Ionix Technology (OTCMKTS:IINX) released the vital information from such a discussion and it would make for illuminating reading for most investors. That being said, it should also be noted that investors did not react kindly to the information that was released and the Ionix stock actually declined by as much as 3.5% for the day.
The company noted that the coronavirus pandemic had proved to be a challenge throughout the course of the calendar year of 2020 and during the first half of this year. The already tough situation with the global economy had been further worsened by the pandemic and Ionix also suffered as a consequence.
Ionix noted that in the financial year that ended on June 30, 2021 it suffered from delays and its operations were also affected considerably due to the travel limitations that had been imposed in light of the pandemic. That, in turn, led to the reversal of the continuous growth that had been recorded by Ionix up until then.
