Evio, Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2019
October 18, 2019 at 03:13 pm EDT
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EVIO, Inc. announced earnings results for the second quarter ended March 31, 2019. For the second quarter, the company announced total revenue was USD 735,179 compared to USD 732,311 a year ago. Operating loss was USD 1.702 million compared to USD 2.362 million a year ago. Net loss was USD 3.856 million compared to USD 1.679 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.11 a year ago. For the half year, total revenue was USD 1.922 million compared to USD 1.679 million a year ago. Operating loss was USD 3.375 million compared to USD 3.030 million a year ago. Net loss was USD 6.328 million compared to USD 2.666 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.2 a year ago.
EVIO, Inc. is a diversified holding company. The Company provides analytical testing services to the agricultural and pharmaceutical industries, primarily for cannabis, hemp, and related products. The Company offers residential and commercial construction services. The Company also offers research and development and consulting services for participants in the cannabis and hemp industries. The Company tests products to verify the regulatory requirements for sale. Its subsidiaries include Smith Scientific Industries, LLC; Greenhaus Analytical Labs, LLC; Viridis Analytics, LLC; EVIO Labs OR, Inc.; C3 Labs, LLC; EVIO Labs Humboldt, LLC and Keystone Labs, Inc.