Principal Solar, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
February 23, 2022 at 09:50 am EST
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Principal Solar, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.005 million. Net loss was USD 0.877563 million compared to USD 0.111833 million a year ago. Basic loss per share from continuing operations was USD 0.01.
For the nine months, sales was USD 0.005 million. Net loss was USD 1.92 million compared to USD 15.54 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.31 a year ago.
Principal Solar, Inc. is a strategic investor in and acquirer of organizations and technologies that support opportunities in traditional, renewable, and clean energy sectors as well as an acquirer and operator of undervalued petroleum-producing properties. The Company conducts business through its subsidiaries, providing consulting in the energy sector, licensing, and commercializing energy related intellectual property, and engaging in a selection process and conducting due diligence for future acquisitions. Its subsidiaries include Bayou Road Investments, Inc. (Bayou Road Investments), NexTeal Energy, and E-3 Petroleum. Bayou Road Investments seeks to acquire licenses for patented technology, primarily in the green energy sector, and to subsequently monetize these technologies. NexTeal is focused on heavy electric vehicle (EV) technologies. E-3 Petroleum houses the Companyâs investments and acquisitions in oil and gas properties.
PRINCIPAL SOLAR, INC. 
