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World Energy Records First Profit As A Public Firm

Worcester-based World Energy Solutions turned a $147,227 profit in the third quarter, the company’s first quarterly profit since going public in 2006.

Revenue grew 34 percent to $4.65 million.

In the same period a year ago, the company reported a loss of $636,702.

As of the end of the quarter, the company had cash and equivalents of $2.1 million and no bank debt.

The online retail energy broker said it has experienced growth in the Midwest and has increased its wholesale customer base by 27 percent.

– Digital Partners -

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