Generation Alpha, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 06:33 am EDT
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Generation Alpha, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 276,000 compared to USD 683,000 a year ago. Operating loss was USD 591,000 compared to USD 1.786 million a year ago. Net loss was USD 1.420 million compared to USD 214,000 a year ago. Basic loss per share from continuing operations was USD 0.03. For the half year, sales was USD 583,000 compared to USD 1.420 million a year ago. Operating loss was USD 947,000 compared to USD 3.287 million a year ago. Net loss was USD 3.058 million compared to USD 2.236 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.05 a year ago.
Generation Alpha, Inc. is focused on the research, design, development and manufacturing of indoor horticulture lighting, plant nutrient products and ancillary equipment. The Company operates through the manufacture and distribution of its products. The Company is focused on bringing products and solutions to commercial and retail cannabis growers in both the medical and adult-use recreational space in legal markets across the United States. The Companyâs product line includes hydroponic resellers/retail and direct-to-consumer/online. The Companyâs lighting and nutrient customers include retail stores, distributors and commercial growers in the United States and abroad. Its product line has evolved from digital ballasts to a line of lighting products, including a line of specialty ballasts ranging from 400 watts to 1,000 watts with various features, its Lamp Products, a line of reflectors, lighting accessories and a line of light emitting diode (LED) lighting technologies.
GENERATION ALPHA, INC. 
