Abco Energy, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 15, 2021 at 01:02 pm EDT
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ABCO Energy, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 1.161 million compared to USD 2.352 million a year ago. Operating loss was USD 470,264 compared to USD 462,584 a year ago. Net loss was USD 524,759 compared to USD 1.381 million 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.