Surna posts $1.4M loss for Q2 despite increased bookings

BOULDER — Surna Inc. (OTCQB: SNRA), a Boulder-based manufacturer of equipment for cannabis and traditional indoor agricultural growing operations, reported a loss of $1.4 million for its second quarter that ended June 30.

For the quarter, Surna posted revenue of $2 million, a 15 percent increase compared with the same quarter a year ago.

In the quarterly report, Surna said bookings have been trending favorably, and its backlog grew during 2018, but that revenue continues to be impacted by long project life-cycles caused by delays faced by customers in the construction of new cultivation facilities.