Azure Dynamics Corp AZDDQ

Consumer Cyclical Recreational Vehicles

Azure Dynamics Corporation (Azure) is engaged in the development and sale of electric vehicle (EV) and hybrid electric vehicle (HEV) systems and components. HEV systems include an electric motor, an energy storage system (batteries or ultracapacitors), and an additional power source, such as an internal combustion engine/generator. An EV does not include the additional power source and only includes an electric motor and an energy storage system. It has four wholly owned subsidiaries: Azure Dynamics Inc., Azure Dynamics Incorporated, Azure Dynamics Corporation of America and Azure Dynamics Limited. Azure has developed electric and hybrid electric drive technologies for the light to heavy duty commercial vehicle category (the Technology). Azure has developed three primary product groups, which include full hybrid electric; mild hybrid electric; and pure electric solutions. Target markets include hybrid electric delivery vans and shuttle buses, as well as electric drive applications.

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Azure Dynamics Corp

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Comment by bobo2000on Aug 13, 2008 1:11pm

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Post# 15380994

RE: Nice Quarter

Until they start bringing in at least as much as they burn, they are going to continue to slide and at this point there is no indication that revenues will equal expenditures in the foreseeable future. This turkey will continue to slide and I stand by my forecast that we will see single digits by December. Obviously, the market wasn't impressed as they haven't moved and volume is paltry. Ahh, same old story from mangement and it is tiresome. At the rate they are going, they will have to refinance - the question is HOW? Any way you look at it, they are in trouble.

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