News

Valence Reports Second-Quarter, Fiscal 2005 Results

November 04, 2004 by Jeff Shepard

Valence Technology Inc. (Austin, TX) reported results for its second quarter of fiscal year 2005. The company reported $2.9 million in revenue for its second quarter of fiscal year 2005, representing a 24.3% increase over $2.3 million in its second quarter of fiscal 2004, and an increase of 2.7% from $2.8 million in its first quarter of fiscal 2005.

The company reported a net loss of $7.2 million, or $0.09 per basic and diluted share, in the second quarter of fiscal 2005 compared to a net loss of $26.1 million, or $0.36 per basic and diluted share, in its second quarter of fiscal 2004, and a net loss of $9.2 million, or $0.12 per basic and diluted share, in its first quarter of fiscal 2005.