Solis Tek Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Revenue Guidance for Second Half of 2018
August 15, 2018 at 06:05 pm IST
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Solis Tek Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported sales of $701,626 against $2,441,289 a year ago. Loss from operations was $7,046,014 against $1,553,852 a year ago. Loss before income taxes $10,078,068 against $1,585,501 a year ago. Net loss was $10,081,268 against $1,588,701 a year ago. Basic and diluted loss per share was $0.24
against $0.04 a year ago.
For the six months, the company reported sales of $1,713,375 against $5,343,115 a year ago. Loss from operations was $10,068,339 against $5,280,755 a year ago. Loss before income taxes $10,448,773 against $5,336,575 a year ago. Net loss was $10,451,973 against $5,340,688 a year ago. Basic and diluted loss per share was $0.25 against $0.15 a year ago.
The company expects second half 2018 revenue to be greater than first half 2018.
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Solis Tek Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Revenue Guidance for Second Half of 2018