Pernix Group Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2013. The company generated consolidated revenue from continuing operations in the first quarter of 2013 of $17.2 million, as compared to $36.6 million in the comparable period of 2012. The decline in revenue was attributable to temporary slowdowns in construction activities under the company's various contracts with the US government; revenue generated from power operations was stable as compared to the first quarter of 2012.

The temporary slowdown behind the decline in construction segment revenue drove a net loss for the quarter of approximately $0.5 million after minority interest, as compared to consolidated net income from continuing operations after minority interest of $1.1 million in the first quarter of 2012. After preferred dividends, consolidated net loss from continuing operations attributable to common shareholders was $516,000 this year, or $0.05 basic loss per share, as compared to basic earnings of $0.12 per share last year.