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.
The Associated Press