Total revenues for GERS during the three months ended September 30, 2009 were $927,817 representing a decrease of 1,566,785, or 62.8%, over the three months ended September 30, 2008 revenues of $2,494,602. Revenue for the three months ended September 30, 2009 included $876,230 in biofuel sales and $51,586 in equipment and technology sales. In the similar period of last year, the revenues consisted of $774,027 from the sales of biofuels and $5,187,748 from sales of equipment and technology.
Cost of revenues for the three months ended September 30, 2009 were $830,249, or 89.5% of revenue compared to $1,781,546, or 71.4% of revenue for the same period in 2008. Throughout the three months ended September 30, 2009, GERS biofuel production costs of revenue were $548,944 as compared to $630,839 for the same period in 2008, and were attributable to costs linked with feedstock and other raw material purchases, transportation and maintenance. Cost of revenue for GERS equipment and technology sales business were $147,376 for the three months ended September 30, 2009 as compared to $1,865,908 for the same period in 2008.
Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS) develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s revenue model is based on the use of its proprietary technologies to become a leading producer of biomass-derived products, and to do so at reduced cost and risk by extracting and refining raw materials that other producers cannot access or process.
Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website
About Best Damn Penny Stocks
Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
