Replies to post #23554 on ABCO Energy Inc. (ABCE)

[Nitzpin]

Time will tell..... right now it’s all perception and phycology.

[getmoreshares]

ABCO Energy, Inc. (OTCQB: “ABCE”) Tucson, Arizona (April 18, 2019) announced Tuesday April 16,
2019 it had filed the annual report on Form 10-K for the year ended 12/31/18 with the SEC and posted the
report on the recently achieved OTCQB website. The results of operations shows that sales increased to
$2,867,442 in 2018, an increase of $1,420,386, or 98%, doubling 2017 sales of $1,447,056.
Cost of sales increased by $888,746, or 77% to $2,040,339 in 2018 from $1,151,593 in 2017 due
primarily to the increase in sales. However, the important part of the report shows that the Company
achieved a gross margin of 29% as a percentage of total sales in 2018, up from 20% in 2017, primarily
due to better management of costs and the focus on commercial projects in 2018.
“We are very proud of our production and sales staff for the accomplishments of 2018,” says Charles
O’Dowd, President. “We also give many accolades for our administration and IR staff, who brought us
back to the OTCQB from many months on the “pinks”. We have also seen a 455% increase in our stock
price over the past three months”.
General and administrative expenses
increased by $182,403 to $1,016,860 (35%
of sale) in 2018 from $834,457 (57% of
sales) in 2017, a decrease of 22%. This
increase in expense is due primarily to a
98% increase in sales revenue. However,
the administration staff had better control
over operations, we trained and hired
additional sales force, and had better
control over the public company expenses
in 2018.