SMG Industries Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 05:25 pm EST
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SMG Industries 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 14.77 million compared to USD 6.81 million a year ago. Net loss was USD 3.61 million compared to USD 4.4 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.22 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to USD 0.22 a year ago. Basic loss per share was USD 0.16 compared to USD 0.24 a year ago. Diluted loss per share was USD 0.16 compared to USD 0.24 a year ago.
For the nine months, sales was USD 34.62 million compared to USD 18.67 million a year ago. Net loss was USD 7.8 million compared to USD 10.63 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to USD 0.58 a year ago. Diluted loss per share from continuing operations was USD 0.39 compared to USD 0.58 a year ago. Basic loss per share was USD 0.37 compared to USD 0.63 a year ago. Diluted loss per share was USD 0.37 compared to USD 0.63 a year ago.
SMG Industries Inc. is a transportation services company, which is focused on the domestic logistics market. The Company's primary business objective is to grow its operations and create value for its stockholders through organic growth and strategic acquisitions. Its operating subsidiaries include 5J Trucking LLC, 5J Oilfield Services LLC, 5J Specialized LLC, 5J Transportation LLC and 5J Logistics Services LLC. The Companyâs provides a range of services in transportation, such as transporting infrastructure components, including bridge beams and power generation transformers; transporting wind energy components; heavy haul of production equipment, heat exchangers, coolers, construction equipment, refinery components; super heavy haul over-dimensional permit-required loads up to 500 thousand pounds for engineered projects; transportation of natural gas compressors; flatbed freight; drilling rig relocation for drilling contractors and oil and gas operators; and freight brokerage.
SMG INDUSTRIES INC. 
