Surna posts record revenue amid interest in Nasdaq listing

BOULDER — Surna Inc. (OTCQB: SRNA) posted a company record $5.52 million in revenue in the third quarter this year as it continues to eye another initial public offering onto the Nasdaq.

The Boulder company, which specializes in environmental engineering for marijuana and hemp grow operations, saw a 31 percent increase over its Q2 earnings earlier this year. It earned 1 cent per share for the period.

The company posted $222,000 in profits for the quarter.

Surna said last quarter it was planning to join the Nasdaq by 2021 after it posted its first-ever profit and has been on investor roadshows in New York and Los Angeles during the fall.

However, it said it has the capital to continue operating through the next 12 months, but would need to raise funds as early as Q1 2020 to hit its targets of adding $10 million to $20 million in annual revenues through acquisitions by 2021.

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