SatCon Technology Reports Third-Quarter 2001 Results
SatCon Technology Corp. (Cambridge, MA) announced financial results for its fiscal 2001 third-quarter and nine-month period, ended June 30, 2001. Revenue for the fiscal 2001 third quarter rose 22 percent to $10.6 million, compared with $8.7 million in the same quarter last year. Revenue for the nine months ended June 30, 2001 increased 52 percent to $31.7 million, compared with $20.8 million for the nine months ended June 30, 2000.
"Our continued strong revenue growth highlights the increasing demand for SatCon’s enabling products for the digital power marketplace," said David Eisenhaure, president and CEO of SatCon.