Abco Energy, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 19, 2019 at 10:15 am EST
Share
ABCO Energy, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 512,988 compared to USD 1.106 million a year ago. Operating loss was USD 18,884 compared to USD 39,208 a year ago. Net loss was USD 116,876 compared to USD 51,280 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.01 a year ago.
For the nine months, sales was USD 1.626 million compared to USD 2.187 million a year ago. Operating loss was USD 86,010 compared to USD 119,326 a year ago. Net loss was USD 712,635 compared to USD 265,563 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 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.
ABCO ENERGY, INC. 
