Real Goods Solar (RSOL) Reports Another Loss On Increasing Revenue

Real Goods Solar (SOLR) reported another quarterly loss after the bell today of .01/share, the same as the year ago quarter but on a 141% jump in revenue over the year ago quarter due to organic growth and acquisitions

“We are pleased with the sales growth and operating results we achieved in the third quarter. Despite a very soft economic environment and uncertainties surrounding the extension of the Federal Investment Tax Credit, which we were excited to see subsequently pass in October, demand for our products remained strong,” said John Schaeffer, Chief Executive Officer. “Even in these challenging economic times, we see the solar outlook being bright and we’ve expanded our sales force and installation organization to support our future growth, while still managing to achieve moderate operating expense leverage.”

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