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."
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 here
-------------------- What can i say??I'm a greedy B*stard Posts: 312 | Registered: Mar 2006
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I don't like to hear it when people say "You will never see XXX again," especially in such low value stocks. It's very possible for it to go anywhere, and it's very unlikly to go straight up forever without dips. I'm looking for a dip, otherwise I won't get in
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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