Enova Systems Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
For the nine months period, the company reported revenues of $1,055,000 compared to $5,984,000 a year ago. Operating loss was $4,601,000 compared to $4,690,000 a year ago. Net loss was $4,751,000 or $0.11 basic and diluted per share compared to $4,803,000 or $0.15 basic and diluted per share a year ago. Net cash used in operating activities was $3,087,000 compared to $7,219,000 a year ago. Purchases of property and equipment were $16,000 compared to $237,000 a year ago.