SG Blocks Reports Second Quarter 2018 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 notches record-high close as rate-hike worries ease
- Oil settles down 2% on weak demand outlook, hefty US crude build
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
Sg Blocks, Inc. (SGBX) Reports Q2 Loss of $0.29
August 14, 2018 4:04 PM EDTSg 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