RGS Energy posts $3.7M 1Q loss as revenue declines 23 percent

LOUISVILLE – Troubled rooftop solar installer Real Goods Solar Inc. (Nasdaq: RGSE) on Monday reported a first-quarter net loss of $3.7 million and a 23 percent decline in revenue from the same period a year ago.

The company, which does business as RGS Energy, released its quarterly report for the period ending March 31 after markets closed Monday.

The Louisville-based company’s net loss amounted to 6 cents per share and was down significantly from a loss of $14.8 million, or 34 cents per share, in the first quarter of last year as it has worked…