Surna Inc (OTCMKTS: SRNA), the leader for engineering and technologies in controlled environment agriculture (CEA) systems, reported its second-quarter financial results yesterday. The company announced that the Q2-2021 revenue and net income broke records for the second time in its history. The second-quarter revenue is reported at around $4.5 million, which is the second-best in the company’s history. This represents a 168% increase when compared with the previous year. When seen on a sequential quarterly basis this year, the revenue has gone up 19% when compared with Q1-2021. The company’s adjusted net income came in at around $353,000 in the second quarter, reflecting a 174% surge than the previous year.
Q2-2021 exceptional performance despite the pandemic environment
This is the second-highest revenue in 15 years of the company’s existence. The CEO and Chairman of the company, Tony McDonald, said that the pandemic environment presented a challenging environment. Yet, there has been continuous growth in Surna Inc. There has been an increase in sales traction. The primary reason for the company’s growth is that the company delivered its backlog in Q2-2021. Additionally, it has launched multitudes of new services and products. In May, Surna Inc had revealed its updated strategy as well.
The company has proved its prowess to return to its profitable stage in preliminary Q2-21. Founded in 2009, Surna Inc. is known for designing, engineering, and selling cultivation techniques for controlled environment agriculture. Its customers include U.S.-based commercial growers. Its customers are also based out of Canada.
Surna’s primary source of revenue at present is the supply of technologies, products, and services in commercial indoor, along with hybrid sealed greenhouse facilities which are as huge as over 100,000 square feet. Surna has its headquarters in Boulder, Colorado.