ABCO Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 22, 2021 at 12:46 pm
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ABCO Energy, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.229829 million compared to USD 0.246102 million a year ago. Net loss was USD 0.160112 million compared to USD 0.427957 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
For the nine months, sales was USD 0.998228 million compared to USD 0.768133 million a year ago. Net loss was USD 0.209295 million compared to USD 0.799162 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.08 a year ago.
ABCO Energy, Inc. is in the photo voltaic (PV) solar systems industry, the light-emitting diode (LED) and energy efficient lighting business, is an air conditioning system contractor (HVAC) and is an electrical product and services supplier. The Company sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by its crews and are purchased from both the USA and offshore manufacturers. It also sells and installs energy efficient lighting products, solar powered streetlights, and lighting accessories. It contracts directly with manufacturers to purchase its lighting products which are sold to residential and commercial customers. Its solar offers solar systems operations and maintenance services to residential and commercial customers that have solar systems built by it or other solar installers. It operates and maintains systems in many cities in Arizona.