EQM Technologies & Energy, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
August 13, 2013 at 08:47 am
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EQM Technologies & Energy, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported revenue from continuing operations of $14.2 million compared to $12.3 million for the second quarter of the prior year. Operating income from continuing operations for the second quarter was $24,000 compared to operating income from continuing operations of $60,000 for the second quarter of 2012. Net loss was $0.2 million, or $0.00 per share, compared to a net loss of $1.2 million or $0.03 per share for the second quarter of 2012. EBITDA from continuing operations was $0.4 million compared to $0.2 million in 2012. Adjusted EBITDA from continuing operations was $0.4 million compared to $0.3 million in 2012. Loss from continuing operations before income taxes was $235,970 compared to $337,598 a year ago. Loss from continuing operations was $159,308 compared to $346,000 a year ago.
For the six months, the company's revenue from continuing operations was $22.1 million compared to $24.2 million for the same period in 2012. Operating loss from continuing operations $1.1 million compared to operating loss from continuing operations of $0.2 million for the same period of 2012. Net loss was $1.5 million, or $0.04 per share, compared to a net loss of $0.7 million or $0.02 per share for the same period in 2012. EBITDA from continuing operations was negative $0.3 million compared to positive $1.2 million for the same period in 2012. Adjusted EBITDA from continuing operations was negative $0.4 million compared to positive $0.2 million for the same period in 2012. Loss from continuing operations before income taxes was $1,578,801 compared to income from continuing operations before income taxes of $44,767 a year ago. Loss from continuing operations was $1,463,264 compared to income from operations of $17,999 a year ago.
EQM Technologies & Energy, Inc. (EQM) is an environmental engineering consulting and services company. The Company provides environmental consulting, engineering, program management, clean technology, remediation and construction management and technical services. The Companyâs governmental services include environmental regulatory compliance and conservation, site restoration/sediment remediation, environmental remediation services, and environmental construction management. The Companyâs industrial services include stack testing and air quality, environmental compliance outsourcing, water quality management, waste management, remediation and construction, chemical reporting, industrial hygine and safety, and environmental, health, and safety program management. Its industrial serves automotive, food and beverage, industrial manufacturing, paper, pharmaceutical markets, power, steel and institutional facilities.