Hydrogenics Reports Full-Year 2001 Results
Hydrogenics Corp. (Toronto) announced the highlights of its corporate activity and its unaudited financial results for the fourth quarter and year ended December 31, 2001. Hydrogenics' full-year 2001 revenues were $7.4 million compared with $8.9 million for full-year 2000. Net loss for the fiscal year 2001 was $2.8 million, or $0.07 per share, compared with a loss of $1.7 million, or $0.08 per share, for the fiscal year 2000. Net income for 2001 was $0.6 million, or $0.02 per share.
Hydrogenics' fourth-quarter 2001 revenues were $3.2 million compared with $1.9 million for fourth-quarter 2000. Net loss for fourth-quarter 2001 was $3.8 million, or $0.08 per share, compared with a net loss of $1.8 million, or $0.06 per share, for the fourth quarter 2000. Net loss for the final quarter 2001 was $0.3 million, or $0.01 per share. Interest income and foreign currency gains contributed $0.8 million towards net income for the fourth quarter 2001, compared with an expense impact of $0.6 million for the fourth quarter 2000.