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Wild Oats Reports Q1 Results

Wild Oats Markets, Inc. (NASDAQ:OATS), a leading national natural/organic foods supermarket chain, announced financial results for the first quarter. Net of $3.5 million, or $0.12 per share, in transaction expenses related to the pending merger with Whole Foods Market, Inc. the Company generated a significant improvement in profitability. Excluding transaction expenses, earnings per share in the first quarter of 2007 were $0.17 compared to $0.10 in the first quarter of 2006, and adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) increased 13.2 percent to $15.4 million from $13.6 million in last year’s first quarter. Reported net income on a GAAP basis for the first quarter of 2007, which includes the transaction costs, was $1.6 million, or $0.05 per share, and reported Adjusted EBITDA was $11.9 million in the first quarter of 2007. Net sales increased 3.9 percent to $309.9 million, from $298.4 million in Q106. The contribution of seven new stores opened since the end of last year’s first quarter drove the overall increase in net sales and more than offset the sales impact of nine store closures in 2006. The Company reported a 0.3 percent increase in comparable store sales in the first quarter, compared with same-store […]

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Maxwell Technologies Reports Lower Losses

Maxwell Technologies, Inc. (Nasdaq: MXWL) reported a net loss of $4.3 million or $0.25 per share, on revenue of $12.6 million for its first quarter 2007, compared with a net loss of $7.5 million, or $0.45 per share, on revenue of $12.0 million for the same period in 2006. BOOSTCAP® ultracapacitor revenue for Q107 increased by 18 percent to $3.3 million, compared with $2.8 million for the same period in 2006, but declined, quarter-to-quarter from Q406, as a result of lower-than-expected shipments to certain large customers. The company expects ultracapacitor revenue to rebound in Q2, based on strong recent sales and bookings activity. “New heavy transportation and industrial design wins in North America, China and Europe have taken longer to move into production than we anticipated, so ultracapacitor sales in Q1 continued to be concentrated with a relatively small number of existing wind energy, transportation and industrial customers,” Balanson said. “Several of those existing customers consumed less product last quarter for a variety of reasons unrelated to ultracapacitors. While none of this alters our views about the company’s long term growth prospects, in the short term it puts our run rate a quarter or two behind where we had expected […]

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Flexible Solutions Raises $3 Million

Flexible Solutions International, Inc. (AMEX: FSI; FRANKFURT: FXT), a developer and manufacturer of biodegradable and environmentally safe water and energy conservation technologies, as well as patented, green amino acid products for agriculture, oilfield, detergent and water treatment markets, has closed a $3 million private placement with select institutional investors. The proceeds will be used to build a biomass conversion facility in South-western Canada that will use renewable agricultural crops to produce aspartic acid. Aspartic acid is the primary input material for poly-aspartic acid produced by its NanoChem (NCS) subsidiary in Illinois. NCS manufactures and sells various poly-aspartic acid products used in oilfield scale reduction, crop yield enhancement, biodegradable detergent ingredients and water treatment. Daniel B. O’Brien, CEO, states, “We have been researching and testing this process for almost two years. Yields and economics have been confirmed at lab, pilot plant and small-scale production facilities with improvements at each increase in throughput. We are very excited to begin commercializing this significant opportunity.” Mr. O’Brien continues, “Once operational, in 2008, this new plant will de-link our NCS division from oil price risk and replace our oil-based aspartic acid raw materials with organic, crop-based inputs. This new process will result in improved margins […]

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Suzlon Announces 400MW Wind Agreement with PPM Energy

Suzlon Wind Energy Corporation, the US-based subsidiary of Suzlon Energy A/S of Denmark, (SUZLON.NS) has signed a contract for 400 MW of wind turbine capacity with PPM Energy of Portland, Oregon, one of the largest wind power developers in North America. The contract calls for delivery of 300 MW of turbine capacity in 2008 and 100 MW of capacity in 2009. This agreement is the single biggest contract that Suzlon has signed in the history of the company. Suzlon’s S88-2.1 MW wind turbine is the featured machine of the agreement and will be delivered to various ready-to-build sites across the US starting in the summer of 2008. “Suzlon has been flexible in working with PPM at the ground level on various technical issues, which has enhanced value to PPM and has forged a strong customer-supplier relationship” said Terry Hudgens, CEO of PPM Energy. “We believe our extensive experience with wind power technology, combined with Suzlon’s drive to continually improve is going to go a long way to benefit wind power projects to come.” PPM Energy is part of the IBERDROLA group of companies, a world leader in wind power, with more than 6,500 MW of combined wind power capacity. The […]

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