Ener1 (HEV) Misses Estimates

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07:52:03 pm on August 6, 2009

Ener1 (HEV) is still a development stage company so earnings aren’t all that important yet, but for those interested in the quarter, they missed Wall St estimates by a bit.  The company did report another big gain in revenues quarter over quarter, posting 7.5 million, but is still far off from being profitable.  The company posted a loss of .11/share vs analyst estimates of .10/share.  What’s more important than all the earnings right now is all that government cash they’ve now secured.  The company is expected to ramp up the hiring process in future quarters.

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