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Jun 30, 2020
Beam Q2 2020 Earnings Report
Envision Solar's Q2 2020 financial results were announced, revealing a decrease in revenue compared to the same period last year, but a reduced net loss.
Key Takeaways
Envision Solar reported Q2 2020 revenue of $1,455,158, an 11% decrease compared to Q2 2019. The net loss was $833,957, an improvement from the $983,874 loss in the same period last year. The company's contracted backlog as of June 30, 2020, was approximately $2.6 million.
Q2 2020 revenues were $1,455,158, an 11% decrease from the same period last year.
Gross profit for Q2 2020 was $55,336, slightly lower than the $61,545 in Q2 2019.
Net loss for Q2 2020 was $833,957, an improvement from the $983,874 loss in Q2 2019.
As of June 30, 2020, the contracted backlog was approximately $2.6 million.
Forward Guidance
Envision Solar anticipates growth in the coming quarters, driven by stimulus spending and increasing demand for electric vehicles and off-grid charging solutions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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