Generation Hemp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 02:36 am IST
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Generation Hemp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.0225 million compared to USD 0.015 million a year ago. Revenue was USD 1.25 million compared to USD 0.502088 million a year ago. Net loss was USD 1.46 million compared to USD 1.38 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago. Basic loss per share was USD 0.01 compared to USD 0.03 a year ago. Diluted loss per share was USD 0.01 compared to USD 0.03 a year ago.
For the nine months, sales was USD 0.0675 million compared to USD 0.06 million a year ago. Revenue was USD 1.63 million compared to USD 0.595053 million a year ago. Net loss was USD 6.05 million compared to USD 4.37 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.11 a year ago. Basic loss per share was USD 0.05 compared to USD 0.11 a year ago. Diluted loss per share was USD 0.05 compared to USD 0.11 a year ago.
Evergreen Sustainable Enterprises, Inc. is a sustainable green energy company. The Company, through its wholly owned subsidiaries, has operations in both the bitcoin mining industry and the hemp industry. Through its bitcoin mining projects, it sources stranded energy in rural areas for bitcoin mining installations. In addition to its hydroelectric powered bitcoin operations in Costa Rica, the Company is in development on several bitcoin mining arrays in rural or remote United States locations. It has two bitcoin mining arrays in development in Arkansas, an eight-megawatt array in south central Arkansas. It also has three bitcoin mining arrays located in Kentucky, a five-megawatt array in Carter County and two additional sites in various stages of development in Greenup County. Its hemp processing operations provide post-harvest and midstream services to growers by drying, processing, cleaning, stripping harvested hemp directly from the field.