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Heliogen Q1 Net Loss Narrows as Revenue Rises

Heliogen (HLGN) reported a Q1 net loss Monday of $0.32 per diluted share, narrowing from a $0.42 loss a year earlier.

One analyst polled by Capital IQ expected a loss of $0.08 per share.

Revenue for the quarter ended March 31 was $3.5 million, up from $516,000 a year ago.

One analyst surveyed by Capital IQ expected $5.4 million.

The developer of concentrated solar energy plants reiterated its full-year 2022 revenue outlook of $20 million to $25 million. Three analysts polled by Capital IQ expect $25.3 million.