iSun reports Q2 preliminary revenue $25M, consensus $20.33M

iSun announced that preliminary revenue for the second quarter of 2023 ended June 30, was approximately a record $25M, an increase of over 50% from the $16.5 M reported for the second quarter of 2022. The year-over-year increase reflects effective execution of the company’s strategy, with sustained strength in its commercial and industrial division, which has been performing robustly in 2023 responding to increased customer demand. iSun continues to expect that total revenues for the full year 2023 will be $95-100M, a 24%-31% increase over full year 2022 total revenues, reflecting the new business awards the company continues to secure across its business and its strong execution in working through its growing backlog.