Abco Energy, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
September 29, 2020 at 09:03 am EDT
Share
ABCO Energy, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 207,239 compared to USD 459,616 a year ago. Operating loss was USD 318,142 compared to USD 49,851 a year ago. Net loss was USD 18,431 compared to USD 76,925 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the half year, sales was USD 522,031 compared to USD 1.113 million a year ago. Operating loss was USD 377,699 compared to USD 67,126 a year ago. Net loss was USD 371,205 compared to USD 595,760 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. 
