RGS Energy announces $16M loss for 4Q
LOUISVILLE – Real Goods Solar Inc., doing business as RGS Energy, on Friday reported preliminary, unaudited results for the company’s fourth fiscal quarter ending Dec. 31.
The Louisville-based rooftop solar installer (Nasdaq: RGSE) estimates a net loss of $16 million for the quarter, compared to $3 million the previous year. The company estimates revenue, meanwhile, of $18 million, the same as the year before.
The company’s shares have been in a free fall over the past year. They closed at 39 cents Friday, down from a 52-week high of $5.65 last March.
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RGS last fall announced that it was discontinuing its large commercial business segment so it could focus more on its residential business.
The company also last year acquired Hawaii-based Sunetric.
LOUISVILLE – Real Goods Solar Inc., doing business as RGS Energy, on Friday reported preliminary, unaudited results for the company’s fourth fiscal quarter ending Dec. 31.
The Louisville-based rooftop solar installer (Nasdaq: RGSE) estimates a net loss of $16 million for the quarter, compared to $3 million the previous year. The company estimates revenue, meanwhile, of $18 million, the same as the year before.
The company’s shares have been in a free fall over the past year. They closed at 39 cents Friday, down from a 52-week high of $5.65 last March.
RGS last fall announced that…
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