The company’s non-GAAP EPS and adjusted EBITDA will be reviewed on this call and exclude certain expenses that the company’s management does not believe are indicative of the company’s core business operating results. Non-GAAP financial measure should be considered in addition to result prepared in accordance with GAAP and should not be considered as a substitute for or superior to GAAP results.
The directly comparable GAAP information this is why management uses non-GAAP information a definition of non-GAAP EPS and adjusted EBITDA and a reconciliation between these non-GAAP and GAAP figures is provided in the company’s press release which has been furnished to the SEC on Form 10Q today.
Participating on today’s call from the company is President and Chief Executive Officer, Andrew Littlefair and Chief Financial Officer, Rick Wheeler and with that I will turn the call over to Andrew.
Andrew LittlefairThanks Tony and good afternoon everyone and thank you for joining us. Today we reported revenue of $69.8 million for the second quarter compared to $69.1 million for the second quarter a year ago. Please note that the second quarter of 2011 included $4.7 million VTEC revenues that is not in the 2012 amount. In addition, revenues from our vehicle conversion business, BAF were little softer than we projected largely due to the exploration of the vehicle incentive credit. We delivered 48.6 million gallons up 24% from 39.2 million in the second quarter of 2011 which I am pleased with. During the second quarter, we remained focused in executing the roll-out of our Americas natural gas high-way stations in growing our traditional core market segments which I will highlight in a moment. Those of you who have been following Clear Energy in the natural gas vehicle sector as a whole, know that one of our major focus is building the infrastructure that will enable natural gas become a viable transportation fuel for Americas long haul and regional truck market.