EQM Technologies & Energy, Inc. Reports Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended December 31, 2012
April 02, 2013 at 09:05 am EDT
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EQM Technologies & Energy, Inc. reported unaudited consolidated earnings results for fourth quarter and year ended December 31, 2012. For the quarter, the company's revenues were $30,904,618 against $14,394,741 a year ago. Operating income was $34,128 against loss of $381,673 a year ago. Income from continuing operations before income tax was $218,337 against loss of $621,065 a year ago. Income from continuing operations was $349,749 or $0.01 per basic and diluted share against loss of $843,864 or $0.03 per basic and diluted share a year ago. Net loss available to common stockholders was $477,150 or $0.01 per basic and diluted share against $1,118,065 or $0.04 per basic and diluted share a year ago. EBITDA from continuing operations was $853,493 against loss of $72,163 a year ago.
For the year, the company's revenues were $79,516,646 against $60,830,207 a year ago. Operating income was $51,526 against loss of $4,902,914 a year ago. Income from continuing operations before income tax was $528,851 against loss of $5,212,707 a year ago. Income from continuing operations was $274,713 or $0.01 per basic and diluted share against loss of $3,229,416 or $0.15 per basic and diluted share a year ago. Net loss available to common stockholders was $1,367,956 or $0.03 per basic and diluted share against $5,161,805 or $0.18 per basic and diluted share a year ago. EBITDA from continuing operations was $2,842,450 against loss of $4,263,376 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.