Strategic Environmental & Energy Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 03:56 pm EST
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Strategic Environmental & Energy Resources, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 1.23 million compared to USD 0.9079 million a year ago. Net income was USD 1.71 million compared to net loss of USD 0.625 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to diluted loss per share from continuing operations of USD 0.01 a year ago. Basic earnings per share was USD 0.03 compared to basic loss per share of USD 0.01 a year ago. Diluted earnings per share was USD 0.03 compared to diluted loss per share of USD 0.01 a year ago.
For the nine months, revenue was USD 2.9 million compared to USD 2.5 million a year ago. Net income was USD 0.785 million compared to net loss of USD 1.81 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.02 a year ago. Basic earnings per share was USD 0.01 compared to basic loss per share of USD 0.03 a year ago. Diluted earnings per share was USD 0.01 compared to diluted loss per share of USD 0.03 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.