Zenergy Brands, Inc.’s (ZNGY) Q2 Results Show that ‘It’s Got the Power’

August 21, 2018 12:23:41
  • Revenues up by 54 percent in second quarter
  • Gross profit climbs by 17 percent
  • Zero Cost Program sign-ups drive asset growth

The German pop group Snap! may have been singing for Zenergy Brands, Inc. (OTC: ZNGY) with its 1990 hit ‘I’ve Got the Power’, for the Texas-based company undoubtedly has. Operating in the emerging smart energy, conservation and utility markets, Zenergy provides a suite of conservation-based products and services that enable clients to achieve sustainability goals, reduce carbon emissions and improve their bottom lines. The company’s cutting-edge Zero Cost Program™, which offers energy conservation, smart controls and efficiency-based products and services to residential, commercial, industrial and municipal end-use customers, reduces utility consumption by up to 60 percent. Zenergy’s Q2 financials show that customers are increasingly considering this a winning proposition.

For the three months ended June 30, 2018, Zenergy had revenues of $464,404, an increase of 54 percent over Q1 revenues of $301,809. This revenue growth was due primarily to the company’s retail electricity services and energy conservation and…

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