RGS Energy (RGSE) Reports Q4 Loss of $24.95/Share

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Go back to RGS Energy (RGSE) Reports Q4 Loss of $24.95/Share

RGS Energy Reports Fourth Quarter and Full Year 2016 Results

March 9, 2017 4:01 PM EST

DENVER, March 09, 2017 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ: RGSE), a residential and small commercial solar company since 1978, reported results for its fourth quarter ended December 31, 2016.

Capital Raising and Growth Strategy UpdateRGS Energys goal of raising additional working capital was achieved:

In 2016, the company raised net proceeds totaling $16.5 million from offerings of convertible notes, convertible preferred stock, common stock and warrants.In February 2017, the company raised net proceeds of $16.1 million from offerings of common stock and warrants.

The funding has enabled... More