Orbital Energy: Q1 Earnings Snapshot
Posted May 17, 2021 08:23:25 AM.
Last Updated May 17, 2021 08:27:07 AM.
HOUSTON (AP) _ Orbital Energy Group, Inc. (OEG) on Monday reported a loss of $18 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 40 cents. Losses, adjusted for stock option expense and amortization costs, came to 31 cents per share.
The electronics company posted revenue of $9.5 million in the period.
The company’s shares closed at $3.30. A year ago, they were trading at 73 cents.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OEG at https://www.zacks.com/ap/OEG
The Associated Press
