This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Syntroleum Announces 2012 Results

Stocks in this article: SYNM

TULSA, Okla., March 15, 2013 (GLOBE NEWSWIRE) -- Syntroleum Corporation (Nasdaq:SYNM) a renewable and synthetic fuels technology company, today announced financial results for the twelve months ended December 31, 2012.

Financial Highlights

For the quarter ended December 31, 2012, the Company reported an operating loss of $797 thousand resulting from total revenues of $1.1 million and operating expenses of $1.9 million. For the year ended December 31, 2012, the company reported operating income of $9.2 million resulting from total revenues of $17.5 and operating expenses of $8.3 million. Our revenues relate to recognition of deferred license income, engineering services provided to Dynamic Fuels and other customers for process design and research support and revenues for royalties from the Dynamic Fuels commercial production of renewable fuels.

For Dynamic Fuels quarter ended and year ended September 30, 2012, we reported a loss from Dynamic Fuels of $4.3 million and $10.0 million respectively. This compares to a loss of $2.8 million for the quarter ended June 30, 2012. During the quarter and year ended September 30, 2012 the plant sold 10.6 million and 35.2 million gallons of renewable fuels, respectively.

We report Dynamic Fuels on a three month lag and the loss reflected in our income statement from Dynamic Fuels represents the loss incurred for the period ending September 30, 2012. Our 10K filing includes Dynamic financials for their year ended September 30, 2012.

Syntroleum's net loss was $5.1 million or $0.05 per share and $1.1 million or $0.01 per share, respectively, for the three month and year ended December 31, 2012, compared with a net loss of $3.0 million or $0.03 per share and $16.9 million or $0.19 per share, respectively for the corresponding periods in 2011.

As of December 31, 2012 Syntroleum's available cash position was $15.9 million.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs