Generation Alpha, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 06, 2020 at 10:42 am EST
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Generation Alpha, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 397,000 compared to USD 475,000 a year ago. Operating loss was USD 94,000 compared to USD 549,000 a year ago. Net income was USD 2.407 million compared to net loss of USD 9,000 a year ago. Basic earnings per share from continuing operations was USD 0.05. Diluted earnings per share from continuing operations was USD 0.01. For the nine months, sales was USD 980,000 compared to USD 1.895 million a year ago. Operating loss was USD 1.041 million compared to USD 3.834 million a year ago. Net loss was USD 651,000 compared to USD 2.244 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.05 a year ago.
Generation Alpha, Inc. is focused on the research, design, development and manufacturing of indoor horticulture lighting, plant nutrient products and ancillary equipment. The Company operates through the manufacture and distribution of its products. The Company is focused on bringing products and solutions to commercial and retail cannabis growers in both the medical and adult-use recreational space in legal markets across the United States. The Companyâs product line includes hydroponic resellers/retail and direct-to-consumer/online. The Companyâs lighting and nutrient customers include retail stores, distributors and commercial growers in the United States and abroad. Its product line has evolved from digital ballasts to a line of lighting products, including a line of specialty ballasts ranging from 400 watts to 1,000 watts with various features, its Lamp Products, a line of reflectors, lighting accessories and a line of light emitting diode (LED) lighting technologies.
GENERATION ALPHA, INC. 
