ABCO Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 22, 2022 at 03:02 pm EDT
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ABCO Energy, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.689319 million compared to USD 0.432673 million a year ago. Net income was USD 0.038142 million compared to USD 0.044518 million a year ago.
For the six months, sales was USD 0.982552 million compared to USD 0.768399 million a year ago. Net loss was USD 0.208164 million compared to USD 0.049183 million 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.