Electrosource Inc. Reports Results for First Quarter of 2000
17 May 2000
Electrosource Inc. Reports Results for First Quarter of 2000
SAN MARCOS--May 16, 2000--Electrosource Inc. ("the Company") today announced first quarter 2000 results as reported on Form 10-Q to the Securities and Exchange Commission.The Electrosource Inc. fiscal year ends December 31.
Revenue for first quarter 2000 was $685,000 as compared to $372,000 for first quarter 1999, an 84% increase. Total costs and expenses for first quarter 2000 were $1,513,000 as compared to $1,557,000 for first quarter 1999, a 3% decrease.
The net loss from continuing operations for the first quarter of fiscal year 2000 was ($828,000) compared to ($1,185,000) for the same period in 1999, a 30% reduction. On a per share basis, the Company lost ($0.07) per share in the first quarter of 2000 compared to ($0.14) per share for the same period in 1999.
(in thousands, except per share data)
March 31,
2000 1999
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Revenues $685 $372
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Costs and expenses $1,513 $1,557
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Net Loss $(828) $(1,185)
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Basic (and diluted) Loss
per Share -- continuing
operations $(0.07) $(0.14)
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Basic (and diluted) Loss
per Share $(0.07) $(0.14)
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Dividends per Share None None
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