TraqIQ, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
October 06, 2023 at 03:05 pm
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TraqIQ, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1.83 million compared to USD 0.919738 million a year ago. Net loss was USD 22.9 million compared to USD 0.340761 million a year ago. Basic loss per share from continuing operations was USD 0.67.
For the six months, sales was USD 2.96 million compared to USD 1.57 million a year ago. Net loss was USD 23.57 million compared to net income of USD 0.153366 million a year ago. Basic loss per share from continuing operations was USD 0.69.
Titan Environmental Solutions Inc. is a technology-enabled environmental services company. The Company is engaged in improving environmental efficiency while relying on brick and mortar, generating traditional waste management and recycling targets. The Company's vertically aligned services provide customers with convenience and increased revenues by lowering waste disposal costs. The Company offers solutions, such as waste management solutions, and technology solutions. It offers dumpster rentals, residential and curb side waste removal, commercial waste removal, municipal residential pick-up, construction waste services, and recycling and disposal transfer station services. The Company is also focused on being a consolidator of environmental service companies with a focus on acquiring cash-flow-generating assets in the environmental industry, vertically integrating its operations, and integrating future acquisitions into its technology-based solutions to waste management.
TITAN ENVIRONMENTAL SOLUTIONS INC. 