DCH Technology Inc. (Valencia, CA) announced results for the three months ended September 30, 2001. Revenues for the third quarter of 2001 were $251,078, compared with $150,578 in the same period of last year. Revenues for the nine months ended September 30, 2001, were $727,009, compared to $671,354 for the nine months ended September 30, 2000.
For the third quarter of 2001, DCH incurred a loss from operations of $2.2 million, or $0.08 per diluted share, compared to an operating loss of $2.3 million, or $0.09 per diluted share, for the three months ended September 30, 2000. Net loss for the nine months ended September 30, 2001, was $7.7 million, or $0.27 per diluted share, compared to a net loss of $5.3 million, or $0.22 per diluted share, for the nine months ended September 30, 2000.
"We continued to attract prominent players in the energy industry for early evaluation and adoption of our fuel cells," said DCH President and CEO John Donohue. "For the upcoming fourth quarter, we have a backlog of 11 portable systems that are scheduled for delivery and, overall, our backlog for portable and stationary fuel cells has grown to $1.1 million."
