NetworkNewsBreaks – Zenergy Brands, Inc. (ZNGY)
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Posted On: 08/16/2018 5:07:51 PM
NetworkNewsBreaks – Zenergy Brands, Inc. (ZNGY) Reports Q2 Financial Results
Next-generation energy and technology company Zenergy Brands (OTC: ZNGY) this morning announced that it has filed its Form 10-Q with the SEC, reporting financials from the second quarter of 2018. The company reported total revenue of $464,404 during the second quarter of 2018, demonstrating an increase of 54% when compared to the total revenue of $301,809 from the previous quarter. Zenergy attributes the revenue growth primarily to the company’s retail electricity services, and energy conservation and efficiency contracts. The company also reported an increase in growth profit of 17% from the previous quarter, totaling $109,315 for Q2. Zenergy’s Zero Cost Program™ has been the main driver in its asset growth. In addition, the company posted a shareholders’ deficit of approximately negative $2.6 million. “There are two methods to remedy this negative position—one is to bring in new and friendlier capital sources, and the other is to continue growing our revenue and assets. We remain steadfast in our commitment to executing both of these strategies simultaneously,” Zenergy Chairman Byron Young stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Next-generation energy and technology company Zenergy Brands (OTC: ZNGY) this morning announced that it has filed its Form 10-Q with the SEC, reporting financials from the second quarter of 2018. The company reported total revenue of $464,404 during the second quarter of 2018, demonstrating an increase of 54% when compared to the total revenue of $301,809 from the previous quarter. Zenergy attributes the revenue growth primarily to the company’s retail electricity services, and energy conservation and efficiency contracts. The company also reported an increase in growth profit of 17% from the previous quarter, totaling $109,315 for Q2. Zenergy’s Zero Cost Program™ has been the main driver in its asset growth. In addition, the company posted a shareholders’ deficit of approximately negative $2.6 million. “There are two methods to remedy this negative position—one is to bring in new and friendlier capital sources, and the other is to continue growing our revenue and assets. We remain steadfast in our commitment to executing both of these strategies simultaneously,” Zenergy Chairman Byron Young stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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