SG Blocks Reports Second Quarter 2018 Financial Results

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Go back to SG Blocks Reports Second Quarter 2018 Financial Results

Sg Blocks, Inc. (SGBX) Reports Q2 Loss of $0.29

August 14, 2018 4:04 PM EDT

Sg Blocks, Inc. (NASDAQ: SGBX) reported Q2 EPS of ($0.29). Revenue for the quarter came in at $2.3 million versus the consensus estimate of $1.54 million.

Revenue increased 130% to approximately $2.3 million, as compared to $1.0 million in Q2 2017. Approximately $0.8 million in revenue from a $5.6 million contract was deferred into the third quarter due to project timing from June to July 2018.Construction backlog increased to $102.9 million, as compared to $102.8 million at March 31, 2018 with $3.8 million in contract revenue recognized in the six months ended June 30, 2018.Performed activity on 15 out of 16 total projects in backlog in Q2 2018.Gross... More