FuelCell Energy Inc. (Danbury, CT) reported third-quarter and nine-month results for the period ended July 31, 2002. The company reported a revenue increase of 57 percent in the third quarter of 2002 to $12.0 million, compared to $7.6 million in the same quarter of the previous year. Net loss for the third quarter of 2002 was $13.2 million, or $0.34 per basic and diluted share, compared with a net loss of $2.8 million, or $0.08 per basic and diluted share, during the same quarter of the previous year.
Revenues increased 42 percent to $27.5 million for the nine months ended July 31, 2002, from $19.4 million for the same period in 2001. Net loss for the nine months ended July 31, 2002, was $28.1 million, or $0.72 per basic and diluted share, compared with a net loss of $10.6 million, or $0.32 per basic and diluted share, in the previous year.
