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Article: Odyne Corp. Provides Business Update and Reports Financial Results for Second Quarter 2007.
- Article from:
- Business Wire
- Article date:
- August 14, 2007
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Copyright informationCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HAUPPAUGE, N.Y. -- Odyne Corporation (OTCBB: ODYC), a leading developer of advanced plug-in hybrid electric vehicle (PHEV) technology for trucks and buses, today provided an update on its business and reported financial results for its second quarter ending June 30, 2007.
Total revenue for the three months ended June 30, 2007 was $299,274, compared to $115,564 for the same period in 2006, representing an increase of 159%. The second quarter revenue represented a sequential increase of over 1,200%. Total revenue for the first half of 2007 was $322,056, compared to $169,224 for the same period in 2006, representing an increase of 90%.
Roger M. Slotkin, Chairman and CEO, ...
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