posted
WorldWater & Power Corp. (WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, today announced results for the third quarter ended September 30, 2006. Revenue for the third quarter was $6.5 million with gross margins of 22%. The company had given preliminary guidance of revenue in the range of $5.8 - $6.1 million for the quarter.
"We are very pleased to announce, as expected, our best quarter in the Company's history," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "We are on course for continued improvement during the fourth quarter and project significantly stronger growth in 2007."
Financial Results:
Revenue for the third quarter was $6.5 million, compared with $0.6 million reported in the third quarter of 2005. Gross profit for the quarter was $1.5 million or 22.2% gross margin, versus a loss of $0.2 million in the prior-year period. The company posted an operating loss of $0.4 million compared with an operating loss of $1.4 million in the third quarter of 2005. Net loss for the third quarter was $0.8 million, or $(0.01) per share, compared to a loss of $4.8 million, or $(0.05) per share, in the prior-year period.
For the first nine months of fiscal 2006, WorldWater reported revenue of $10.3 million, versus $0.8 million in the same period last year. Gross profit was $1.9 million for the first three quarters of 2006, as compared with a loss of $(0.2) million in 2005. Net loss for the period was $6.3 million, or $(0.05) per share, versus a net loss of $7.5 million, or $(0.08) per share, in the same period last year.
About WorldWater & Power Corp
Going higher from these levels
-------------------- What can i say??I'm a greedy B*stard Posts: 312 | Registered: Mar 2006
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posted
Bringing this up for ullnvrknw Many WWAT threads started by this poster.. and I am copying some of the past posts from the threads here...but I have always liked WWAT..and even played it a few times...but am not in now and have no clue if this is ready to go...just be careful...
ullnvrknw Member
Member Rated: posted April 04, 2006 10:07 AMApril 04, 2006 10:07 -------------------------------------------------------------------------------- Don't listen.. iv'e been telling you all to buy since .40
ullnvrknw Member
Member Rated: posted April 04, 2006 10:33 AMApril 04, 2006 10:33 -------------------------------------------------------------------------------- hold bull ,its going over $1 -------------------------------------------------------------------------------- Posts: 71 | Registered: Mar 2006 | IP: Logged |
ullnvrknw Member
Member Rated: posted October 11, 2006 09:06 AMOctober 11, 2006 09:06 -------------------------------------------------------------------------------- get ready for a run to .39 by friday -------------------------------------------------------------------------------- Posts: 71
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by 10of13: Bringing this up for ullnvrknw Many WWAT threads started by this poster.. and I am copying some of the past posts from the threads here...but I have always liked WWAT..and even played it a few times...but am not in now and have no clue if this is ready to go...just be careful...
ullnvrknw Member
Member Rated: posted April 04, 2006 10:07 AMApril 04, 2006 10:07 -------------------------------------------------------------------------------- Don't listen.. iv'e been telling you all to buy since .40
ullnvrknw Member
Member Rated: posted April 04, 2006 10:33 AMApril 04, 2006 10:33 -------------------------------------------------------------------------------- hold bull ,its going over $1 -------------------------------------------------------------------------------- Posts: 71 | Registered: Mar 2006 | IP: Logged |
ullnvrknw Member
Member Rated: posted October 11, 2006 09:06 AMOctober 11, 2006 09:06 -------------------------------------------------------------------------------- get ready for a run to .39 by friday -------------------------------------------------------------------------------- Posts: 71
EMCORE Corporation Announces Strategic Investment in Terrestrial Solar Company WorldWater & Power Corp. Thursday November 30, 7:30 am ET Companies to Cooperate in System Development and Terrestrial Marketing of Solar Concentrator Cells and Solar Power Systems Technology; EMCORE enters exclusive supply agreement for high efficiency multi-junction solar cells and concentrator subsystems for 26.5 Megawatts over three years
SOMERSET, N.J., Nov. 30 /PRNewswire-FirstCall/ -- EMCORE CORPORATION (Nasdaq: EMKR - News), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and solar photovoltaic markets, and WorldWater & Power Corp. (OTC Bulletin Board: WWAT - News), developer and marketer of photovoltaic systems for terrestrial power generation including proprietary electrical motor drive technology for water pumping, today jointly announced that EMCORE has agreed to invest $18 million in WorldWater in return for an amount of convertible preferred stock and warrants of WorldWater, equivalent to an approximately 31% equity ownership in WorldWater, or approximately 26.5% on a fully diluted basis. ADVERTISEMENT
The two companies also announced the formation of a strategic alliance and supply agreement under which EMCORE is the exclusive supplier of high-efficiency multi-junction solar cells, assemblies and concentrator subsystems to WorldWater with a contract valued at up to $100 million over the next 3 years.
On November 29, 2006, EMCORE invested $13.5 million in WorldWater, representing the first tranche of its $18 million investment. The investment of the remaining $4.5 million second tranche will occur once the definitive strategic agreement is signed and certain other conditions are met. The parties expect the execution of the definitive strategic agreement and second closing to occur before the end of the year. In connection with the investment, EMCORE will also gain two seats on WorldWater's Board of Directors.
"This strategic investment represents a shift in EMCORE's terrestrial photovoltaic strategy by becoming, with WorldWater, a solution provider rather than just a component supplier. This investment will add strategic strength to both of our companies," said Reuben F. Richards, Jr., President and CEO of EMCORE. "By connecting EMCORE's space and terrestrial cell technology with WorldWater's specialized electrical drives for applications such as pumping water for water utilities and irrigation for farms, we should command a significant segment of the rapidly growing distributed solar energy market in the U.S. and abroad. A significant percentage of the world's electrical consumption is used to run pumps and motors. WorldWater's broad marketing experience and capabilities combined with EMCORE's terrestrial solar cell and system technology will lead to significant market opportunities for utility scale power as well as for markets on the retail side of the meter such as water pumping for agriculture and village scale power. We are impressed with the progress WorldWater has made, particularly in the last year increasing revenues from $2 million in 2005 to a projected $17 million for 2006."
Quentin T. Kelly, WorldWater's Founder and Chairman, commented, "Our technological mix is key to this strategic partnership. Concentrated photovoltaic systems are the keys to reducing the cost per watt of power generated. In addition, this major financing from EMCORE will enable WorldWater to substantially increase our core business of blending and/or replacing the electric grid with solar power and supplying solar electric drives able to operate motors and pumps up to 600 hp for large commercial projects, whether in the agricultural, water utility or other industrial fields." Mr. Kelly added, "EMCORE's $18 million investment will help us to meet our working capital needs in expectation of achieving major growth in revenue next year."
About EMCORE:
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the broadband, fiber optic, satellite and solar power markets. EMCORE's Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television (CATV) and fiber-to-the-premises (FTTP). EMCORE's Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide (GaAs) solar cells, Covered Interconnect Cells (CICs) and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar concentrator systems. For further information about EMCORE, visit http://www.emcore.com.
About WorldWater:
WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at http://www.worldwater.com.
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events that involve risks and uncertainties. Words such as "expects," "anticipates," "intends," "plans," "believes," and "estimates," and variations of these words and similar expressions, identify these forward-looking statements. Actual operating results may differ materially from such forward-looking statements and are subject to certain risks, including risks arising from: the risk of loss of investment associated with a minority investment in a small cap company with a history of losses; the financial impact of accounting for a percentage of WorldWater's losses under the equity method; the potential cancellation of WorldWater's purchase order in the event EMCORE is unable to develop a cost competitive concentrator system or adapt its solar cells for use in WorldWater's sytems; the risks associated with EMCORE's ability to successfully develop and commercialize a concentrator photovoltaic system incorporating EMCORE's multijunction solar cells; and other risks and uncertainties described in EMCORE's filings with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof, and EMCORE does not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
-------------------- What can i say??I'm a greedy B*stard Posts: 312 | Registered: Mar 2006
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posted
LOL...You didn't need to spell anything out for me...the new threads were getting "old"...you have been spouting .40 and higher since last spring... I've played this stock and made $...and I am hopeful and glad that you will also...just try to keep the info on the same thread...Easier for People to follow...
quote:Originally posted by ullnvrknw: 10of13??? Did i spell it out clear enough for you? Still holding all of it, going higher
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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