Broadwind Energy Announces Q3 and First Nine-Month Financial Results, Article Posted on BeaconEquity.com
Broadwind’s revenue jumps 58%; net loss due to acquisitions, expanded production and Sarbanes-Oxley.
(EMAILWIRE.COM, November 19, 2008 ) DALLAS, Texas - BeaconEquity.com announces the publication of “Broadwind Energy Announces Q3 and First Nine-Month Financial Results.”
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m - Click on News and Commentary
In the article the author writes:
"Broadwind Energy Inc. (OTCBB: BWEN), a provider of services components to the wind energy and other energy markets, today reported financial results for the third quarter of 2008 and the first nine months ended September 30, 2008. … Third-quarter 2008 revenue increased to $64.5 million, or 58%, compared with $40.8 million in the second quarter of 2008, and up from $3.1 million in the same quarter last year. The company posted a net loss of $3.4 million, or -4 cents per common share, for the reporting quarter, compared to net income of $683,000, or 1 cent per common share, for the third quarter last year.”
Broadwind Energy identifies expenses as reason for third-quarter loss:
“The company generated a net loss of $8.9 million, or -10 cents per common share, for the nine-month period ended September 2008, compared to a net profit of $1.3 million, or 3 cents per common share, for the same period of 2007. Management cites expenses related to expanded production, acquisitions, and infrastructure requirements for regulatory compliance, especially Sarbanes-Oxley, accounted for the loss in the third quarter of 2008 and nine-months ended September 20, 2008.”
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m - Click on News and Commentary
In the article the author writes:
"Broadwind Energy Inc. (OTCBB: BWEN), a provider of services components to the wind energy and other energy markets, today reported financial results for the third quarter of 2008 and the first nine months ended September 30, 2008. … Third-quarter 2008 revenue increased to $64.5 million, or 58%, compared with $40.8 million in the second quarter of 2008, and up from $3.1 million in the same quarter last year. The company posted a net loss of $3.4 million, or -4 cents per common share, for the reporting quarter, compared to net income of $683,000, or 1 cent per common share, for the third quarter last year.”
Broadwind Energy identifies expenses as reason for third-quarter loss:
“The company generated a net loss of $8.9 million, or -10 cents per common share, for the nine-month period ended September 2008, compared to a net profit of $1.3 million, or 3 cents per common share, for the same period of 2007. Management cites expenses related to expanded production, acquisitions, and infrastructure requirements for regulatory compliance, especially Sarbanes-Oxley, accounted for the loss in the third quarter of 2008 and nine-months ended September 20, 2008.”
To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary
Join the fastest growing investor community at: http://www.stockhideout.com/
BeaconEquity.com’s Market News is one of the fastest growing small cap blogs in the investment community. Beacon is the authority on research in the small cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.
We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas by visiting:
http://www.beaconequity.com/m
BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.beaconequity.com/m
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
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