Last financial results....Gee I already had forgotten that they have little cash left as it is! $7.8 million is peanuts.
News for Immediate Release
ELECTROVAYA ANNOUNCES THIRD QUARTER FISCAL 2007 FINANCIAL RESULTS
Toronto, Ontario
– August 13, 2007 – Electrovaya Inc. (TSX: EFL) today announced financial results for the third quarter of fiscal 2007. All figures are in US dollars.
Highlights
For the quarter ending June 30, 2007:
??
Revenue decreased by 52.5% or $526,000 to $476,000 from $1,002,000 from the quarter ended June 30, 2006.
??
Loss from operations, before interest, taxes, foreign exchange, amortization, capital assets write-down and the gain on sale of investments decreased by $240,000 or 18.3% to $1,074,000 compared to $1,314,000 in the same quarter in the prior year.
??
Cash & investments were $7.9 million as at June 30, 2007, compared to $8.6 million as at March 31, 2007 and $10.2 million as at September 30, 2006
|
Summary of Financial Results
In thousands of US$
except per share amounts |
3 months ended June 30 |
9 months ended
June 30 |
|
2007 |
2006 |
2007 |
2006 |
|
Revenue |
$ 476 |
$ 1,002 |
$ 1,784 |
$ 2,445 |
|
Loss from operations before interest, taxes, foreign exchange and amortization, capital assets write-down and gain on sale of investments |
$ (1,074) |
$ (1,314) |
$ (2,783) |
$ (3,550) |
|
Loss for the period |
$ (1,581) |
$ (805) |
$ (3,405) |
$ (7,460) |
|
Loss per share |
$ (0.02) |
$ (0.01) |
$ (0.05) |
$ (0.11) |
|
Cash & investments |
$ 7,888 |
$ 10,273 |
$ 7,888 |
$ 10,273 |