Abco Energy, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2020
November 23, 2020 at 01:21 pm EST
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ABCO Energy, Inc. announced earnings results for the third quarter and nine months ended September 30, 2020. For the quarter, the company announced sales was USD 246,102 compared to USD 512,988 a year ago. Operating loss was USD 225,176 compared to USD 18,884 a year ago. Net loss was USD 427,957 compared to USD 116,876 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
For the nine months, the company's ales was USD 768,133 compared to USD 1.626 million a year ago. Operating loss was USD 602,875 compared to USD 86,010 a year ago. Net loss was USD 799,162 compared to USD 712,635 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
ABCO Energy, Inc. is in the photo voltaic (PV) solar systems industry, the light-emitting diode (LED) and energy efficient lighting business, is an air conditioning system contractor (HVAC) and is an electrical product and services supplier. The Company sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by its crews and are purchased from both the USA and offshore manufacturers. It also sells and installs energy efficient lighting products, solar powered streetlights, and lighting accessories. It contracts directly with manufacturers to purchase its lighting products which are sold to residential and commercial customers. Its solar offers solar systems operations and maintenance services to residential and commercial customers that have solar systems built by it or other solar installers. It operates and maintains systems in many cities in Arizona.
ABCO ENERGY, INC. 
