CO2 Solutions Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended March 31, 2018
CO2 Solutions Inc. announced unaudited consolidated financial results for the third quarter and nine months ended March 31, 2018. For the quarter, the company recorded $0.01 million in revenues for the three-month period ended March 31, 2018 and $0.05 million for the same periods in 2017. The 2018 revenues are related to a preliminary engineering study to assess the viability of applying its enzymatic carbon capture technology in a potential 32-tonne per day CO2 capture project for the metallurgic industry as announced on September 7, 2017. The corporation recorded a loss of $0.49 million, or $0.00 per share, for the three-month period ended March 31, 2018, a decrease of $0.42 million from the loss of $0.90 million, or $0.01 per share, for the same period in 2017.
For the nine months, the company recorded $0.03 million in revenues. Loss was $2.33 million, or $0.02 per share, a decrease of $1.33 million from the loss of $3.65 million, or $0.03 per share, for the same period in 2017.