As we have consistently stated our key priority is to get the business profitable by focusing on returning our UPS and continuous power systems to growth. We continue to see an increase in UPS opportunities as we execute our go to market strategy and as our sales organization gains experience and traction in the market. UPS revenues were 90% higher than the prior quarter and increased 61% versus the prior year.We are pleased with the progress that we’ve shown. These factors combined with the introduction of our new UPS product platform later in the year lead us to be optimistic about the future of this important part of our business. Now I’d like to turn the call over to John to take us through the details of our Q2 results. I’ll then come back to provide more commentary on the quarter and discuss our priorities moving forward. We’ll then open the call to your questions. John?
Active Power's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.