This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hoku Scientific's 4Q Loss Narrows On Expenses

HONOLULU (AP) ¿ Fuel cell maker Hoku Scientific Inc. said Thursday its fiscal 2009 fourth quarter loss narrowed as operating expenses were cut in half, but the company said it could have trouble funding operations over the next 12 months.

Shares fell 78 cents, or 17.8 percent, to reach $3.60 in after-hours trading after rising 33 cents, or 8.2 percent, to close at $4.38 during the regular trading session.

The company lost $904 million, or 4 cents per share, for the quarter ended March 31, compared with a loss of $2.1 million, or 12 cents per share, during the same period a year prior. Revenue fell 82 percent to $112,000 from $621,000.

Revenue came from photovoltaic, or PV, system installations and other related services, along with the resale of the company's solar inventory.

Operating expenses fell to $1.1 million from $2.4 million.

For the full year, the company lost just under $3 million, or 15 cents per share, compared with a loss of $4.3 million, or 26 cents per share, in fiscal 2008. Revenue rose 54 percent to $5 million from $3.2 million.

The company said it has had difficulty raising capital and could have trouble operating over the next 12 months if it does receive additional financing.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $118.88 0.96%
FB $105.74 -1.13%
GOOG $748.28 -1.02%
TSLA $218.25 0.23%
YHOO $32.96 -1.20%


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs