The fastest-growing solarium company in the world has announced its second consecutive quarter of revenue growth in the United States, the Wall Street Journal reports.
In the three months ended Sept. 30, Solarium raised $1.3 billion, according to its latest quarterly financial report filed with the Securities and Exchange Commission.
It reported a net loss of $1,722,000.
Solarium also said that it had added another $1 million to its cash and cash equivalents.
Solarium has seen a spike in growth in recent months as the company’s solar-powered “fast-deck” solar technology has become more popular.
Solaris fast-deck technology uses a solar cell mounted on a roof and solar energy generated by the roof’s solar panels to generate electricity.
The technology was first introduced in 2015 and is now widely used in more than 70 countries.
In September, Solaris founder and CEO Stephen Leung told the WSJ that his company was seeing a significant increase in solar energy usage and revenue.
“We have had a huge impact on the solar market.
There’s been a surge in solar usage in some areas.
We are seeing more demand,” he said.
The Wall Street Review notes that the company also noted that it saw a 12 percent year-over-year increase in its cash from its September quarter of $2.8 billion to $5.3 bn.
Solariscreen, which is also known as Solarium, is now valued at $9.5 billion, while the other two companies are valued at around $3 billion.