Smart
grid and power quality technology
company MicroPlanet is betting on Australia to deliver as it reported its Q3 earnings
yesterday.
In
an update to investors which revealed no sales were reported between July 1 and
September 30 as the full-year-to-date figure plummeted from $205, 833 on
September 30 last year to just $14,502 at the end of the last quarter, the
company was keen to stress its preliminary work Down Under would bring
longer-term dividends.
Thursday's
financial update revealed the Washington state-based smart grid firm is in talks
with 'a leading Australian gas supplier' to trial its low voltage technology as
well as monitoring the voltage regulation equipment it supplied to United Energy in Melbourne with a view to a trial to achieve grid
stability 'in an urban setting'.
Strategic
tie-up
MicroPlanet,
headquartered at Woodinville, near Seattle, also claimed it is in talks with 'an
Australian entity' over a strategic tie-up.
Such
vagaries were overshadowed by the fact a comprehensive income of $102,226 for
the third quarter – compared to a loss of $560,410 for the same period last year
– did little to dent a full-year-to-date loss of $1.3 million which has doubled
from the $670,000 reported on September 30, 2013.
At
least the operating loss figure gave some cheer with a full-year-to-date figure
of $1.25 million coming in from $1.6 million 12 months earlier as respective
third-quarter losses reduced from $509,168 to $377,548 with the company
announcing it had reduced operating expenses by $164,384 for the quarter 'to
further preserve capital'.
Access to more about Landpower Solar Panel Mounting: Solar Mounting Systems, Solar Racking, Solar Hardware, PV Mounting, Ground mounting Systems, Solar Mounting System Manufacturers,Solar Mounting
没有评论:
发表评论