Vivint Solar, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total revenue of $72,995,000 compared with $34,904,000 for the same period a year ago. Loss from operations was $14,345,000 compared with $36,526,000 for the same period a year ago. Loss before income taxes was $31,898,000 compared with $44,248,000 for the same period a year ago. Net income available to common stockholders was $4,980,000 or $0.04 per basic and diluted share compared with $12,371,000 or $0.11 per diluted share for the same period a year ago. Net cash used in operating activities was $16,822,000 compared with $48,233,000 a year ago. Payments for the cost of solar energy systems as $69,893,000 compared with $104,925,000 a year ago. Payments for property and equipment were $355,000 compared with $496,000 a year ago. Non-GAAP net loss was $37,054,000 or $0.33 per share compared with $52,303,000 or $0.49 per share for the same period a year ago.

For the six months, the company reported total revenue of $126,109,000 compared with $52,134,000 for the same period a year ago. Loss from operations was $45,399,000 compared with $131,144,000 for the same period a year ago. Loss before income taxes was $77,949,000 compared with $144,661,000 for the same period a year ago. Net income available to common stockholders was $18,272,000 or $0.16 per basic and diluted share compared with loss of $18,848,000 or $0.18 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $13,424,000 compared with $108,722,000 a year ago. Purchase of intangible assets was $291,000. Payments for the cost of solar energy systems as $145,033,000 compared with $211,622,000 a year ago. Payments for property and equipment were $633,000 compared with $1,888,000 a year ago. Non-GAAP net loss was $92,506,000 or $0.83 per share compared with $121,264,000 or $1.13 per share for the same period a year ago.

For the third quarter of 2017, the company expects MW Installed of 46 MWs to 52 MWs.

The company updated guidance for the full year 2017 to be between 185 megawatts and 200 megawatts installed.