The Peck Company Holdings, Inc. Reports Third Quarter 2019 Results, 194% Increase in Revenue
The Peck Company Holdings, Inc. (PECK)
Company Research
Source: Business Wire
Maintaining profitability as a public company while executing a strategic growth planThird Quarter 2019 HighlightsRecord revenue of $11.7 million in the third quarter, up 194%, compared to $3.9 million in the prior year period.Third quarter 2019 GAAP operating income of $0.179 million, compared to $0.543 million in the prior year period.Third quarter 2019 adjusted EBITDA of $0.431 million, compared to $0.640 million in the prior year period.Backlog of $16 million, compared to $9.25 million in the prior year period. SOUTH BURLINGTON, Vt.--(BUSINESS WIRE)--The Peck Company Holdings, Inc. (NASDAQ:PECK), a leading commercial solar engineering, procurement and construction (“EPC”) company (the “Company”), today reported results for the third quarter ended September 30, 2019.Revenue for the quarter ended September 30, 2019 increased 194% to $11.7 million, compared to $3.9 million in the corresponding period in 2018. Higher revenue in the quarter was driven by increased projects.On a GAAP
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