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Surna Inc. (OTCMKTS: SRNA) Reports a 168% Year-over-Year Increase in Net Revenue in its Q2 2021 Financial Results

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Indoor cultivation is a prevalent exercise. But how would it not be if a company such as Surna Inc. (OTCMKTS: SRNA) has been supporting indoor growers for more than 15 years. The industry leader in controlled environment agriculture (CEA) offers solutions to over 800 cultivators, whereby over 200 of them are large and commercial projects. 

The COVID-19 pandemic happened to everyone, pushing a majority to adjust their operations where they deemed fit. Yet, seemingly, Surna still accomplished tangible milestones in its revenue results. In its Q2 2021 financial results, the company reported a 168% year-over-year increase translating to $4.5 million. This was over and above $1.7 million in the same quarter of 2020. In addition, total gross profit increased from $0.3 million years over year to $1.3 million. 

“In the second quarter we saw the second-best quarter in our history for revenue and adjusted net income…,” Surna’s Chairman & CEO Tony McDonald noted

Execution of Organic Growth Strategies

Addressing new markets, adding new products and services are some of the critical strategies of Surna Inc. The trade name would later change to Surna Cultivation Technologies. The company also introduced architectural design services and an EnviroPro air handler line.

It is not easy to come by a team with extensive experience and knowledge in commercial construction and CEA. However, the company integrates technology systems, specialists, and experts to keep construction projects rolling, including those on a tight budget. However, since the pandemic is still troubling in different ways, Surna is very cautious with its operations and sales efforts. Production and shipping delays from suppliers are the biggest headaches today.

The Introduction of Architectural Design by Surna Cultivation Technologies

Efficient design, deep expertise, flexibility, and long-term support are among the many services the architectural design offers. McDonald says he is confident that they will take the company closer to their customers, given that it is the backbone of the construction project. 

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