PICO Holdings Q1 Loss Widens - Quick Facts

(RTTNews) - PICO Holdings Inc. (PICO) reported that its net loss for the first quarter of 2015 widened to $16.8 million and $0.73 per share from $13.2 million and $0.58 per share in the first quarter of 2014.

Total revenue for the quarter grew to $84.65 million from $61.28 million in the previous year.

In the first quarter of 2015, UCP reported that it generated revenue of $43.5 million, which is a 69.9% increase in total revenue for the quarter compared to the same period last year. Revenue from homebuilding operations increased 67.5% to $42.6 million. New home deliveries grew 134.6% to 122 units. Net new home orders improved 202.4% to 254 units. As a percentage of total revenue, general and administrative expense improved to 16.8% compared to 24.5% for the prior year period.