Smg Industries Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 23, 2021 at 02:49 pm
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SMG Industries Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 12.243 million compared to USD 7.499 million a year ago. Operating loss was USD 2.329 million compared to USD 1.930 million a year ago. Net loss was USD 319,624 compared to USD 3.258 million a year ago. Basic loss per share was USD 0.02 compared to USD 0.19 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.17 a year ago. For the half year, sales was USD 19.845 million compared to USD 11.859 million a year ago. Operating loss was USD 4.939 million compared to USD 4.331 million a year ago. Net loss was USD 4.184 million compared to USD 6.238 million a year ago. Basic loss per share was USD 0.21 compared to USD 0.39 a year ago. Basic loss per share from continuing operations was USD 0.21 compared to USD 0.36 a year ago.
SMG Industries Inc. is a transportation services company, which is focused on the domestic logistics market. The Company's primary business objective is to grow its operations and create value for its stockholders through organic growth and strategic acquisitions. Its operating subsidiaries include 5J Trucking LLC, 5J Oilfield Services LLC, 5J Specialized LLC, 5J Transportation LLC and 5J Logistics Services LLC. The Companyâs provides a range of services in transportation, such as transporting infrastructure components, including bridge beams and power generation transformers; transporting wind energy components; heavy haul of production equipment, heat exchangers, coolers, construction equipment, refinery components; super heavy haul over-dimensional permit-required loads up to 500 thousand pounds for engineered projects; transportation of natural gas compressors; flatbed freight; drilling rig relocation for drilling contractors and oil and gas operators; and freight brokerage.
SMG INDUSTRIES INC. 
