Ozop Energy Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 04:08 pm EST
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Ozop Energy Solutions, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 3.93 million compared to USD 4.72 million a year ago. Net loss was USD 0.534988 million compared to net income of USD 11.71 million a year ago.
For the nine months, sales was USD 11.61 million compared to USD 5.97 million a year ago. Net income was USD 4.98 million compared to net loss of USD 197.99 million a year ago.
Ozop Energy Solutions, Inc. invents, designs, develops, manufactures, and distributes ultra-high-power chargers, inverters, and power supplies for a variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. The Company operates through its subsidiaries, which include Ozop Energy Systems, Inc. (OES) and Ozop Engineering and Design, Inc. (OED). OES is a distributor of renewable energy products and is primarily engaged in the renewable, electric vehicle (EV), energy storage, and energy resilience sectors. OES is engaged in multiple business lines that include project development as well as equipment distribution. Its solar and energy storage projects involve large-scale battery and solar photovoltaic (PV) installations. OED is a premier engineering and lighting control design company. OED offers product and design support for lighting and solar projects, with a focus on fast lead times and technical support.
OZOP ENERGY SOLUTIONS, INC. 
