Summer Energy Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
March 28, 2020 at 03:02 am IST
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Summer Energy Holdings, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was USD 166.315 million compared to USD 151.903 million a year ago. Operating loss was USD 8.808 million compared to USD 6.338 million a year ago. Net loss was USD 10.733 million compared to USD 7.753 million a year ago. Basic loss per share from continuing operations was USD 0.35 compared to USD 0.29 a year ago.
Summer Energy Holdings, Inc. operates through its wholly owned subsidiaries Summer Energy, LLC (Summer LLC), Summer Energy Midwest, LLC (Summer Midwest), and Summer Energy Northeast, LLC. Summer LLC is a retail electric provider in the state of Texas under a license with the Public Utility Commission of Texas (PUCT). Summer LLC procures wholesale energy and resells to commercial and residential customers. The Company provides electricity to residential and all size commercial customers in the restructured retail energy market. Summer Northeast is engaged in serving electric load to both residential and commercial customers in the Northeastern United States and holds licenses in Massachusetts and New Hampshire. Summer Midwest provide billing, collections, back-office service, including supply and scheduling services, customer service and accounting services.
SUMMER ENERGY HOLDINGS, INC. 
