RGS Energy (RGSE) Posts Mixed Q3 Results

RGS Energy (NASDAQ: RGSE) reported Q3 EPS of ($0.09), $0.04 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $18.9 million versus the consensus estimate of $35.1 million.

Backlog and Net Sales Orders

Backlog has increased for transactions from acquired companies at the date of acquisition and thereafter for net sales orders (representing newly signed contracts with customers, net of contract cancellations or holds), and decreased for installations reflected in revenue.

• Potential future revenue in backlog at September 30, 2014 grew 137% to a record $58.4 million from September 30, 2013.
• Backlog increased 18.5% or $9.1 million from backlog at June 30, 2014.
• The year-over-year growth in the company's backlog is primarily due to new sales orders and a higher ASP, as well as acquired backlog of approximately $14 million.

For earnings history and earnings-related data on RGS Energy (RGSE) click here.

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