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RGS Energy's Q2 net loss widens

Real Goods Solar Inc. on Aug. 9 reported a second-quarter 2017 net loss of $4.0 million, compared to a net loss of $3.5 million in the second quarter of 2016.

Stockholders' equity for the second quarter swung back to $13.9 million from a stockholders' deficit of $5.0 million, a year ago, while working capital rose to $12.7 million, from negative working capital of $2.7 million, in the comparable period in 2016.

"In Q2, our progress was in-line with expectations that we set in our last business update," said CEO Dennis Lacey. "It is important to note that Q2 was our first full quarter of operating with what we believe is appropriate working capital in place to effectively pursue our growth strategy. As this is the first quarter on this basis, we are heartened by the positive trends."

Real Goods Solar does business as RGS Energy and trades on Nasdaq under the ticker RGSE.