Generation Alpha, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 19, 2019 at 05:25 pm EST
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Generation Alpha, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 475,379 compared to USD 851,710 a year ago. Operating loss was USD 548,234 compared to USD 4.019 million a year ago. Net loss was USD 8,142 compared to USD 7.093 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.17 a year ago. For the nine months, sales was USD 1.895 million compared to USD 2.565 million a year ago. Operating loss was USD 3.834 million compared to USD 14.087 million a year ago. Net loss was USD 2.243 million compared to USD 17.545 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.42 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. 
