Bolder Technologies Reports Third-Quarter ResultsNovember 02, 2000 by Jeff Shepard
Bolder Technologies Corp. (Golden, CO) reported net revenues for the third quarter ended September 30, 2000, of $1,435,526, compared with $55,804 in the third quarter of 1999. The net loss for the quarter was $5.8 million, or $0.34 per share, versus a loss of $4.7 million, or $0.40 per share, last year, according to Roger F. Warren, chairman, president and CEO. “In the third quarter, we continued to establish strategic distribution partners. Additions to our distribution base during the quarter were Sears, Pep Boys, Fred Meyer, Bass Pro Shops and Federated Co-op."
Net revenues for the nine months ended September 30, 2000, were $2,375,384 versus $225,811 in the comparable period of 1999. The net loss for the period was $16.8 million, or $1.09 per share, compared with a loss of $13.0 million, or $1.23 per share, in the nine months ended September 30, 1999.
In an unrelated news release, Bolder Technologies CEO Warren announced that the company had, over the past three months, added 37 new customers to its retail and distributor base, which includes such well-known names as Sears; Target; Wal-Mart; G.I. Joe; and Home Hardware, the largest hardware chain in Canada. Warren stated, “These additions to our customer base confirm our belief that the revenue ramp-up will continue for the balance of 2000 and make us optimistic about significant year-to-year increases during 2001."