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.
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About Zenergy Brands, Inc.
Zenergy Brands, Inc. is a next-generation energy and technology company operating in the emerging smart energy, conservation, and utility industries. The company provides energy conservation, smart controls, and efficiency-based products and services as a fully integrated energy company. Zenergy is a public company, fully reporting to the SEC and currently trading on the OTCQB, a venture market designed for early-stage and developing U.S. and international companies. To learn more, visit www.ZenergyBrands.com.
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