Real Goods Solar, Inc. announced financial results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales of $3,629,000 against $1,389,000 for the same period a year ago. Operating cash outflow was $2,459,000 against $4,152,000 for the same period a year ago. Net loss was $4,338,000 against $4,034,000 for the same period a year ago. Total revenue was $2,822,000 against $3,663,000 a year ago.

The company expects greater revenue in second quarter of 2018. Further, The company expects installation revenue to significantly increase over the year ago second quarter and that the company's cash burn from operations will be less than the year-ago second quarter. The company's expectation for the increased revenue is due to the fact that the fair weather on the East Coast has ended and the company started the second quarter with about $14 million backlog, a backlog nearly doubled over the same period last year. The company's expected improvement in quarterly results year-over-year is by the company's backlog. The company expects greater revenue, which coupled with recent realignment will result in less cash burn.

The company expects quarterly operating income to turn positive in 2019.