Several factors hurt Altair Nanotechnologies' fiscal results in FY07: warranty replacement costs and higher research and development expenses have made the company report a wider loss despite higher revenues. $6.78m worth of warranty expenses and inventory impairment were related to the first-generation battery packs that were sold to Phoenix Motor Cars. As for R&D, costs rose to $15.4m compared to $10.1m in 2006.
Altair has lost $31.5 million, which is more than the $17.2 million reported in 2006. On a per share basis, the loss was $0.45, compared to a loss of $0.29 last year.
[Source: RTT News]
Altair has lost $31.5 million, which is more than the $17.2 million reported in 2006. On a per share basis, the loss was $0.45, compared to a loss of $0.29 last year.
[Source: RTT News]
Sign in to post
Please sign in to leave a comment.
Continue