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For the nine months ended 30 September 2016, Progressive Green Solutions Inc revenues decreased 8% to $3.1M. Net loss increased 56% to $2.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Selling, General and Administrative increase of 40% to $712K (expense), Bad Debt Expense increase from $46K to $144K (expense).
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Total Revenue | 0.79 | 1.28 | 1 | 1.51 |
Gross Profit | -0.25 | -0.16 | -0.1 | -0.31 |
Operating Income | -0.85 | -0.79 | -0.77 | -0.88 |
Net Income | -0.75 | -0.77 | -0.7 | -0.91 |
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Total Assets | 3.3 | 2.46 | 2.03 | 2.17 |
Total Liabilities | 6.23 | 5.34 | 4.28 | 3.74 |
Total Equity | -2.94 | -2.88 | -2.24 | -1.57 |
Period Ending: | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -2.14 | -1 | -0.33 | -0.97 |
Cash From Investing Activities | -0.4 | -0.56 | -0.02 | -0.48 |
Cash From Financing Activities | 2.64 | 1.58 | 0.38 | 1.39 |
Net Change in Cash | 0.1 | 0.01 | 0.02 | -0.06 |
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