TraqIQ, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 04:10 pm EST
Share
TraqIQ, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 2.61 million compared to USD 1.25 million a year ago. Net loss was USD 118.59 million compared to USD 0.277129 million a year ago. Basic loss per share from continuing operations was USD 0.65.
For the nine months, sales was USD 5.57 million compared to USD 2.82 million a year ago. Net loss was USD 142.16 million compared to USD 0.123763 million a year ago. Basic loss per share from continuing operations was USD 1.05.
Titan Environmental Solutions Inc. is a technology-enabled environmental services company. The Company is engaged in improving environmental efficiency while relying on brick and mortar, generating traditional waste management and recycling targets. The Company's vertically aligned services provide customers with convenience and increased revenues by lowering waste disposal costs. The Company offers solutions, such as waste management solutions, and technology solutions. It offers dumpster rentals, residential and curb side waste removal, commercial waste removal, municipal residential pick-up, construction waste services, and recycling and disposal transfer station services. The Company is also focused on being a consolidator of environmental service companies with a focus on acquiring cash-flow-generating assets in the environmental industry, vertically integrating its operations, and integrating future acquisitions into its technology-based solutions to waste management.