PALM BEACH GARDENS, Fla., Aug. 24, 2023 (GLOBE NEWSWIRE) -- Molekule Group, Inc. ("Molekule" or the "Company") (NASDAQ:MKUL), a leading air purification technology company, today announced new laboratory results that highlight the power of the Company's proprietary photoelectrochemical oxidation ("PECO") technology and its ability to destroy what conventional filters leave behind. Three new studies were completed, including one from Florida International University, that demonstrate that Molekule's PECO technology can safely destroy a vast range of indoor air pollutants. PECO technology for air purification reacts with ultraviolet light to oxidize pollutants, including viruses, bacteria

PALM BEACH GARDENS, Fla., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Molekule Group, Inc. ("Molekule" or the "Company") (NASDAQ:MKUL), a leading air purification technology company, today reported financial results for the three months ("Q2 2023") ended June 30, 2023. Second Quarter 2023 Financial and Operational Highlights(Unless otherwise stated, comparisons are made between Q2 2023 and Q2 2022 results) Revenues were $13.2 million, an increase of 58% as compared to the first quarter of 2023.Gross profit was $4.5 million, or $5.7 million on an adjusted basis to exclude $1.2 million of costs resulting from a step up in inventory value related to purchase accounting. Gross profit margin giving eff

Owlet, Inc. ("Owlet" or the "Company") (NYSE:OWLT), a pioneer of smart baby monitoring, today announces the appointment of executive Jonathan Harris as its new President and Chief Revenue Officer. Harris joins Owlet at a pivotal time in its business – one month after receiving clearance from the U.S. Food and Drug Administration ("FDA") of BabySat™, the first medical pulse-oximetry device featuring Owlet's advanced, wire-free sock design. With a proven track record in leading go-to-market strategies for some of the world's top brands including Microsoft, Roku, GoPro, and Jawbone, Harris brings more than 30 years of experience to Owlet. Harris scaled GoPro from $19 Million to more than $1.

Salesforce and one of the largest U.S. banks are participating in the initial deployment of Molekule's newly developed, Molekule 360, Indoor Air Quality ("IAQ") management system Powered by the Molekule 360 Hub and artificial intelligence ("AI") insights, the turnkey solution enables proactive control of air quality in public and commercial indoor spaces PALM BEACH GARDENS, Fla., July 18, 2023 (GLOBE NEWSWIRE) -- Molekule Group, Inc. ("Molekule" or the "Company") (NASDAQ:MKUL), a leading air purification technology company, today announced the launch of Molekule 360, a first-of-its-kind indoor air quality ("IAQ") management solution. Proactive adopters, including Carr Properti

Study in Partnership with Mercyhealth Hospitals and the University of South Florida Measured the Efficacy of the Molekule Air Pro Purifier on the Clinical Recovery in Mild or Moderate COVID-19 Patients Results Indicate that In-Room Air Pro Devices with Patented Photo Electrochemical Oxidation (PECO) Filter Reduced Length of Hospital Stay by a Statistically Significant Length of Time PALM BEACH GARDENS, Fla., June 27, 2023 (GLOBE NEWSWIRE) --  Molekule Group, Inc. ("Molekule" or the "Company") (NASDAQ:MKUL) today announced the results of a research study evaluating the effect of in-room air purification on the clinical recovery in mild and moderate COVID-19 patients. The study, conduc

Q1 2023 Revenues of $8.3 Million Exceed Guidance Announces Q2 2023 Revenue Guidance of Approximately $12 Million Up Approximately 45% with Substantially Improved EBITDA Due to Significant Increases in Gross Profit and Operating Leverage, All as Compared to Q1 2023 Remains on Target to Achieve Full Year Fiscal 2023 Revenue Guidance of Between $60-$70 Million PALM BEACH GARDENS, Fla., May 16, 2023 (GLOBE NEWSWIRE) -- Molekule Group, Inc. ("Molekule" or the "Company") (NASDAQ:MKUL), an emerging leader in air purification technology solutions, systems for healthcare and commercial smart building applications, and individual consumer protection, today rep

PALM BEACH GARDENS, Fla., May 08, 2023 (GLOBE NEWSWIRE) -- Molekule Group, Inc. ("Molekule" or the "Company") (NASDAQ:MKUL), reported today the closing of its previously-announced approximately $10 million private placement with a single institutional investor. The transaction consists of (i) 3,400,000 shares of the Company's common stock, (ii) a Series A Warrant to purchase up to 3,125,000 shares of common stock, (iii) a Series B Warrant to purchase up to 6,250,000 shares of common stock, and (iv) a Pre-Funded Warrant to purchase up to 2,850,000 shares of common stock. The Company received gross proceeds of $9,971,500. The Series A Warrant has an exercise price of $1.60 per share, a 5%

Molekule to provide Veterans Affairs ("VA") center employees and veterans with real-time, Indoor Air Quality("IAQ") monitoring and control system across three VA service centers in Hot Springs, SD, Ft. Riley, KS, and Topeka, KSMolekule and the Veterans Integrated Services Network ("VISN 23"), having successfully completed a one-year deployment of IAQ solutions, have entered into second one-year agreement with an option for up to five years, demonstrating a long-term commitment to providing advanced IAQ solutions for VA service centersSignificant opportunity for Molekule to potentially expand deployment across 1200+ facilities at all 18 VISNs in the Veterans Health Administration ("VHA") netw

PALM BEACH GARDENS, Fla., May 03, 2023 (GLOBE NEWSWIRE) -- Molekule Group, Inc. ("Molekule" or the "Company") (NASDAQ:MKUL), announced today that it has entered into a securities purchase agreement with a single institutional investor pursuant to which the Company agreed to sell in a private placement at an aggregate purchase price of approximately $9,971,500, (i) 3,400,000 shares of the Company's common stock, (ii) a Series A Warrant to purchase up to 3,125,000 shares of common stock, (iii) a Series B Warrant to purchase up to 6,250,000 shares of common stock, and (iv) a Pre-Funded Warrant to purchase up to 2,850,000 shares of common stock. The private placement is expected to close on or

Education industry sales reach nearly $4M Installed base hits over 11,000 air purifiers in schools, including some of the largest school districts in the U.S., eliminating SARS-CoV-2, RSV, H1N1 Flu Virus, bacteria and allergens from the airThousands of classrooms and facilities on numerous campuses are now experiencing clean air, as our IoT-enabled devices provide IAQ monitoring and centralized device control to schools across the globeMolekule's education market capabilities, bolstered by the Aura acquisition, strengthen its position to leverage the nearly $500B available in U.S. Government funds for IAQ deployment in the education and public sectors PALM BEACH GARDENS, Fla., April 28, 20