Isun, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2020
March 15, 2021 at 04:01 pm EDT
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iSun, Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2020. For the year, the company reported earned revenue of $21,052,211 against $28,221,569 a year ago. Operating loss was $1,685,427 against income of $921,113 a year ago. Net loss was $4,328 against $427,795 a year ago.
For the quarter, the company reported earned revenue of $9,331,279 against $6,343,399 a year ago. Operating income was $503,770 against loss of $94,525 a year ago. Net income was $1,773,014 against $270,114 a year ago.
iSun, Inc. is a solar energy services and infrastructure deployment company. The Company provides a suite of solar services across residential, commercial, industrial and municipal, and utility-scale projects and provides solar electric vehicle (EV) charging solutions for both grid-tied and battery- backed solar EV charging systems. The Companyâs Residential segment designs, arranges financing, integrates, installs, and manages systems, primarily for residential homeowners. Its Commercial and Industrial segment designs, integrates, installs, and manages systems ranging in size from 50 kW (kilowatt) to multi-MW (megawatt) systems primarily for larger commercial and industrial projects. Its Utility segment develops, designs, engineers, arranges financing, installs, and manages systems ranging in size from 500 kW to multi-MW systems primarily for asset owners, businesses, and municipalities. The Utility segment is originating projects in Vermont, North Carolina, Ohio, and others.
ISUN, INC. 
