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Distributed Energy Reports 2Q Results

Distributed Energy Systems Corp. (Nasdaq: DESC), has reported revenues of $9.4 million for the second quarter of 2006. Second-quarter revenues rose from $7.6 million during the first quarter of 2006 but were below record revenues of $12.2 million in the same period last year. Ambrose L. Schwallie, Distributed Energy’s CEO, commented that “We are solidly on the trajectory that we laid out for our shareholders in March. That trajectory envisioned a sluggish first half due to contract delays, followed by rapid growth to record third and fourth quarters and strong momentum going into 2007. The results we are reporting lay the foundation for that strong second half. Specifically, backlog remains solid at $33 million. Several projects where booking is imminent, along with one project on which significant work has already proceeded even though we are not yet recognizing revenues, give added visibility to revenue growth and margin expansion in the months ahead.” Financial Summary For the second quarter ended June 30, 2006, Distributed Energy’s net loss was $6.5 million, or $0.17 per share, on revenues of $9.4 million, compared with last year’s second quarter loss of $4.5 million, or $0.13 per share, on $12.2 million in revenues. Consolidated gross margin […]

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Green Mountain Coffee Reports 3Q Results

Green Mountain Coffee Roasters, Inc., (NASDAQ: GMCR) reported its fiscal third quarter consolidated results for the twelve-week period ended July 1, 2006. Net sales increased 26.5% to $47.8 million from $37.8 million in the fiscal third quarter of 2005. Robert P. Stiller, Chairman, President and CEO, said, “I am pleased with our performance this past quarter. We delivered good sales growth across channels and improved our operating efficiencies, bringing growth to the bottom line. One of the most exciting steps we took this past quarter was to acquire Keurig. We are thrilled to have successfully completed this acquisition, which combines two strong brands. I also believe that our balanced approach to social responsibility is contributing meaningfully to our success.” Included in Green Mountain Coffee’s fiscal third quarter 2006 net sales is approximately $1.9 million of Keurig, Inc.’s (Keurig) net sales after the closing of the acquisition on June 15, 2006. Keurig markets premium single-cup (K-Cup) coffee brewing systems for the office and the home while the Company licenses, manufactures and sells Green Mountain coffee and tea K-Cups for offices, homes and other venues. Gross profit for the consolidated entity in the fiscal third quarter of 2006 increased approximately 29.6%, to […]

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Maxwell Reports 2Q Results

Maxwell Technologies, Inc. (Nasdaq: MXWL) has reported a net loss of $4.3 million, or $0.25 per share, on revenue of $12.8 million for its second quarter ended June 30, 2006, compared with a net loss of $1.7 million or $0.11 per share, on revenue of $11.0 million for the same period in 2005. The Q2 06 loss includes approximately $1.5 million, or $0.09 per share, related to ramping BOOSTCAP ultracapacitor production to meet rapidly growing demand, and non-cash provisions totaling $693,000, or $0.04 per share, of compensation expense for stock options and restricted stock grants. Dr. Richard Balanson, Maxwell’s president and CEO, attributed the ultracapacitor production impacts to Maxwell’s ongoing transition from research and development to manufacturing scale-up. He noted that ultracapacitor revenue increased by 50 percent, quarter-to-quarter, from $2.8 million in Q1 to a highest-ever $4.2 million in Q2. “Previously announced transportation and industrial applications generated increasing ultracapacitor sales in the second quarter, and high-volume deliveries for a new telecommunications power quality application should enable us to grow ultracapacitor revenue by at least another 30 percent in Q3,” Balanson said. “This ultracapacitor ramp, along with continuing solid sales for our High Voltage and Microelectronics products, are combining to produce […]

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Vermont Seeks to Block Wind Development

URL: http://www.rutlandherald.com/apps/pbcs.dll/article?AID=/20060802/NEWS/608020378/1004/NEWS03 Website: http://www.rutlandherald.com/apps/pbcs.dll/article?AID=/20060802/NEWS/608020378/1004/NEWS03     

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Worms Can Save The World

URL: http://www.planetark.com/dailynewsstory.cfm/newsid/37471/story.htm Website: http://www.planetark.com/dailynewsstory.cfm/newsid/37471/story.htm     

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