RGS Energy (RGSE) Posts Narrower Q1 Loss

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RGS Energy Reports First Quarter 2016 Results

May 12, 2016 4:05 PM EDT

LOUISVILLE, Colo., May 12, 2016 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ: RGSE), a residential and small commercial solar company since 1978, has reported results for its first quarter ended March 31, 2016. The company also filed today its quarterly report on Form 10-Q.

Business Turnaround and Liquidity UpdateIn the fourth quarter of 2014, the company began executing a business turnaround strategy designed to reduce debt, increase stockholders equity and reduce infrastructure costs of operations. The company's business turnaround strategy also includes reducing the required level of sales necessary to achieve break-even or better results in... More