Strategic Environmental & Energy Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 21, 2022 at 05:25 pm EST
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Strategic Environmental & Energy Resources, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 1.14 million compared to USD 1.23 million a year ago. Net loss was USD 0.5996 million compared to net income of USD 1.71 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago. Basic loss per share was USD 0.01 compared to basic earnings per share of USD 0.03 a year ago. Diluted loss per share was USD 0.01 compared to diluted earnings per share of USD 0.03 a year ago.
For the nine months, revenue was USD 3.17 million compared to USD 2.9 million a year ago. Net loss was USD 1.51 million compared to net income of USD 0.785 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago. Basic loss per share was USD 0.02 compared to basic earnings per share of USD 0.01 a year ago. Diluted loss per share was USD 0.02 compared to diluted earnings per share of 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. 
