Matrix reports $15 million 4th Q loss

Tulsa-based Matrix Service Co. reported a net loss of nearly $15 million in the fourth quarter of the year.

The $14.7 million loss was on revenues of $293 million  and compared to a $954,000 loss reported on revenues of $292 million one year ago, according to a company announcement.

It translated into a 55-cent a share loss and included an impairment charge of $18 million. A year ago, Matrix reported a 4-cent a share loss.

Matrix also indicated it ended the quarter with a $1.22 billion backlog which was a 79 percent increase from one year ago.

The company said it’s full-year net loss was $11.5 million or 43 cents a share.  A year ago, the firm had a $183,000 loss.