Blockchain Power Trust Reports Third Quarter 2018 Results

Blockchain Power Trust (TSXV:BPWR) has released its Q3 2018 financial results.

As quoted in the press release:

Highlights

• Produced 28,206 MWh of energy for the third quarter of 2018 generating revenue of $1.0 million from the sale of electricity and $2.5 million from green certificates (“GCs”), an energy production increase of 53% from the third quarter of 2017. Produced 108,338 MWh of energy for the nine months ending September 30, 2018 generating revenue of $5.0 million from the sale of electricity and $8.2 million from GCs, an energy production increase of 87% from the comparative period of 2017.

• Revenue of $4.3 million for the third quarter of 2018, an increase of 30% from the third quarter of 2017. Revenue of $14.2 million for the nine months ended September 30, 2018, an increase of 50% from the comparative period of 2017.

• Earned operating margin (revenue less cost of sales excluding depreciation) of $1.9 million for the third quarter, a decrease of 4% over the operating margin of $2.0 million for the third quarter of 2017 (see reconciliation of operating margin under “Non-GAAP Measures”). Earned operating margin of $7.7 million for the nine months ended September 30, 2018, an increase of 21% over the operating margin of $6.3 million for the nine months ended September 30, 2017.

Click here to read the full press release.