Real Goods Solar Completed more than 7 megawatts (MW) of residential and commercial projects in Q4 resulting in over 26 MW of total installations for the full year, Our total revenue for the first quarter of 2013 was $16.8 million.....
** Secured more than 5MW in solar power projects across Arizona and California in key education, municipal, and commercial market segments, including the Crane school district in Arizona to provide 1.7MW of solar on five school sites. *** In total, secured more than 6MW of new commercial projects in Q4. Advanced relationship with a northeast grocery chain to install more than 2.6MW of solar, with approximately 800 kilowatts installed in Q4.
***Implemented organizational changes that substantially enhanced productivity and reduced operating expenses quarter over quarter, setting the stage for
Real Goods Solar (RSOL) may be the only pure-play, publicly traded downstream solar company. Similar to Solar City, Real Goods is a full-service developer and installer selling to residential, commercial and government customers in multiple states. The most notable difference is that Real Goods does not have in-house financing and the recurring revenue streams that come with that.
**** It is clear that 2012 was a challenging year for the company," said Real Goods Solar CEO Kam Mofid. "In the first half of 2012, we struggled to meet our financial objectives due to challenges with the Alteris integration, while also managing a number of key organizational and process changes. However, by the end of the second half, we overcame these challenges and achieved major improvements in Q4 that set the stage for a strong 2013.
***Real Goods Solar, Inc. (RSOL) is the nation's pioneer in delivering commercial, residential and utility turn-key solar energy solutions.
***Beginning with the very first photovoltaic panel sold in the U.S. in 1978, the company has installed more than 14,500 solar power systems representing more than 100 mega