iSun Reports Fourth Quarter and Full Year 2020 Results
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iSun, Inc (ISUN) Reports Q4 EPS of $0.32 on Revenues of $9.3M
March 15, 2021 4:05 PM EDTiSun, Inc (NASDAQ: ISUN) reported Q4 EPS of $0.32, versus $0.07 reported last year. Revenue for the quarter came in at $9.3 million, versus $6.34 million reported last year.
Highlights
Record fourth quarter revenue of $9.3 million, up 47.1% year-over-year, driven by new contract winsStrong revenue growth and scale benefits drove improvement in EBITDA margins to 6.9%Strengthened balance sheet provides increased financial flexibility to support strategic growth initiatives, including $21M cash balance prior to the warrant redemption noticeContinued executing our organic regional expansions with new contract wins in Vermont, Maine, Rhode Island, and... More