Ener1 (HEV) Misses Estimates

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.

Leave a Reply

Your email address will not be published. Required fields are marked *


*