ENGlobal reports Q2 EPS (23c) vs. (87c) last year

Reports Q2 revenue $6.1M vs. $9.7M last year. “While we still have a lot of work to do, we continue to make progress in our quest for profitability,” said William A. Coskey, P.E., Chairman and Chief Executive Officer of ENGlobal. “The conclusion of legacy, money losing projects; our continued acute focus on corporate efficiency; and new, higher margin business opportunities should provide us a path to reach run rate profitability by year-end. We continue to explore options to improve our cash position as well as strategic growth opportunities as both are critically important to ENGlobal’s future.”