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Orbital Energy Group, Inc. (OEG) Misses Q4 EPS by 9c, Revenues Miss

March 30, 2021 8:33 AM EDT

Orbital Energy Group, Inc. (NASDAQ: OEG) reported Q4 EPS of ($0.26), $0.09 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $11.3 million versus the consensus estimate of $17.82 million.

Financial and Operating Highlights:

Reported total revenues of $11.3 million for the fourth quarter of 2020 and $38.4 million for the full year 2020, compared to $5.7 million and $23.5 million for the fourth quarter and full year 2019, respectively;Gross profit was $3.1 million for the fourth quarter of 2020 and $7.1 million for the full year 2020, compared to $1.5 million for the fourth quarter of 2019 and $5.8 million for the full year 2019,... More