EQM Technologies & Energy, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
November 14, 2012 at 04:45 pm
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EQM Technologies & Energy, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported revenues of $25,955,677 compared to $23,461,155 a year ago. Operating income was $135,467 compared to operating loss of $2,700,615 a year ago. Income before income taxes was $139,738 compared to loss before income taxes of $2,606,601 a year ago. Net loss available to common stockholders was $171,662 compared to $1,146,540 or $0.04 basic and diluted per share a year ago. EBITDA was $821,324 compared to LBITDA of $1,959,824 a year ago.
For the nine months period, the company reported revenues of $53,798,092 compared to $57,723,589 a year ago. Operating loss was $871,949 compared to $5,607,730 a year ago. Loss before income taxes was $490,901 compared to $5,751,774 a year ago. Net loss available to common stockholders was $890,806 or $0.02 basic and diluted per share compared to $4,043,740 or $0.14 basic and diluted per share a year ago. EBITDA was $1,536,173 compared to LBITDA of $4,992,763 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.