ThermoEnergy Corporation reported earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenue of $191,000 compared to $1,351,000 in the fourth quarter of 2012. Gross loss for the fourth quarter of 2013 was $174,000, driven mainly by unabsorbed manufacturing costs. Net loss was $1.314 million or $0.01 per basic share compared to a loss of $1.436 million or $0.01 per basic share for the same period in 2012.

For the year, the company reported revenue of $2,812,000 compared to revenues of $6,971,000 in 2012. Revenue in 2013 was derived mainly by the company's first two projects utilizing its Ammonia Recovery Process technology and work related to the subcontract with Unity Power Alliance's DOE Grant. Gross loss was $501,000 compared to a profit of $173,000 in 2012. The gross loss is attributed to lower margins on the initial ARP project as well as higher unallocated overhead costs during the period. Net loss was $298,000 compared to $8,000 in 2012.