Sg Blocks, Inc. (SGBX) Tops Q2 EPS by 1015c, Beats on Revenues

Sg Blocks, Inc. (NASDAQ: SGBX) reported Q2 EPS of ($0.59), $10.15 better than the analyst estimate of ($10.74). Revenue for the quarter came in at $1 million versus the consensus estimate of $800 thousand.

Operating Results for the Quarter Ended June 30, 2017:

• Total revenues increased 17% to $1,001,734 for the three months ended June 30, 2017, compared to $828,477 for the three month period ending June 30, 2016.
• Gross profit for the three months ended June 30, 2017 was $145,787 compared to $141,732 for the three month period ending June 30, 2016.
• GAAP net loss was $(1,705,672), or $(3.15) per basic and diluted share, for the three months ended June 30, 2017 with 541,424 weighted average basic and diluted shares outstanding as of June 30, 2017.
• Non-GAAP net loss was $318,998, or $ (0.59) per basic and diluted share, for the three months ended June 30, 2017, with 541,424 weighted average basic and diluted shares outstanding as of June 30, 2017. Reconciliations between net income, earnings per share and other measures on a GAAP and non-GAAP basis are provided in the tables located in the section entitled "Reconciliation of EBITDA and Adjusted EBITDA to the nearest GAAP measure, net loss."
• As of June 30, 2017, the Company had $5,662,488 of cash and cash equivalents and short-term investments.

For earnings history and earnings-related data on Sg Blocks, Inc. (SGBX) click here.

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