Strategic Environmental & Energy Resources, Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 02:57 pm EDT
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Strategic Environmental & Energy Resources, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 921,000 compared to USD 792,600 a year ago. Operating loss was USD 457,000 compared to USD 401,900 a year ago. Net loss was USD 611,600 compared to USD 563,200 a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago. For the half year, total revenue was USD 1.842 million compared to USD 1.616 million a year ago. Operating loss was USD 690,600 compared to USD 1.051 million a year ago. Net loss was USD 929,200 compared to USD 1.189 million a year ago. Basic loss per share was USD 0.01 compared to USD 0.02 a year ago.
Strategic Environmental & Energy Resources, Inc. is a provider of clean technologies, waste management and related services. The Company provides technology solutions and services to companies in the oil and gas, refining, landfill, food, beverage & agriculture, and renewable fuel industries. Its subsidiaries include MV, LLC (MV), Paragon Waste Solutions, LLC (PWS) and PelleChar, LLC (PelleChar). MV designs and sells patented and/or proprietary, dry scrubber solutions for management of Hydrogen Sulfide (H2S) in biogas, landfill gas, and petroleum processing operations. These system solutions are marketed under the product names H2SPlus and OdorFilter. MV also develops and designs technologies and systems used to condition biogas for use as renewable natural gas (RNG). PWS has developed a patented waste destruction technology using a pyrolytic heating process combined with non-thermal plasma assisted oxidation. PelleChar offers a soil amendment pellet containing the Biochar Now product.
STRATEGIC ENVIRONMENTAL & ENERGY RESOURCES, INC. 
