Strategic Environmental & Energy Resources, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 21, 2023 at 01:18 pm EDT
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Strategic Environmental & Energy Resources, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 0.7312 million compared to USD 1.1 million a year ago. Net loss was USD 0.4387 million compared to USD 0.5231 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago. Diluted loss per share was USD 0.01 compared to USD 0.01 a year ago.
For the six months, revenue was USD 1.28 million compared to USD 1.91 million a year ago. Net loss was USD 1.22 million compared to USD 0.9098 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago. Basic loss per share was USD 0.02 compared to USD 0.01 a year ago. Diluted loss per share was USD 0.02 compared to USD 0.01 a year ago.
Strategic Environmental & Energy Resources, Inc. is a provider of clean technologies, waste management and related services. The Company provides technology solutions and services to companies in the oil and gas, refining, landfill, food, beverage & agriculture, and renewable fuel industries. Its subsidiaries include MV, LLC (MV), Paragon Waste Solutions, LLC (PWS) and PelleChar, LLC (PelleChar). MV designs and sells patented and/or proprietary, dry scrubber solutions for management of Hydrogen Sulfide (H2S) in biogas, landfill gas, and petroleum processing operations. These system solutions are marketed under the product names H2SPlus and OdorFilter. MV also develops and designs technologies and systems used to condition biogas for use as renewable natural gas (RNG). PWS has developed a patented waste destruction technology using a pyrolytic heating process combined with non-thermal plasma assisted oxidation. PelleChar offers a soil amendment pellet containing the Biochar Now product.
STRATEGIC ENVIRONMENTAL & ENERGY RESOURCES, INC. 
