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Article: Ionic Fuel Technology Reports Fiscal Year 1999 Third Quarter and Nine Months Results.
- Article from:
- PR Newswire
- Article date:
- May 17, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. 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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Revenues Increase 153 Percent Over Second Fiscal Quarter
ESSEX, England, May 17 /PRNewswire/ -- Ionic Fuel Technology, Inc. (OTC Bulletin Board: IFTI; BSE: IFU) today announced total revenues increased 132 percent to $225,742 in the third quarter of the fiscal year ended March 31, 1999 from $97,196 for the same fiscal quarter last year. In addition, revenues this fiscal quarter registered a 153 percent increase over revenues of $89,293 reported in the second quarter of fiscal year 1999. The net loss for the third quarter of fiscal year 1999 was $367,221, or a net loss per share of ($.06). This compares to a net loss of $318,690, or a per share loss of ($.05), ...
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