Valence Technology Inc. (Austin, TX) reported results for its third quarter of fiscal year 2005. The company reported $2.55 million in revenue for its third quarter of fiscal year 2005, representing a 4.9% decrease over $2.68 million in its third quarter of fiscal 2004, and a decrease of 12.6% from $2.92 million in its second quarter of fiscal 2005.
The company reported $8.3 million in revenue for the first nine months of fiscal year 2005, representing a 24.7% increase compared to $6.7 million in the same period of fiscal year 2004. The company reported a net loss available to common stockholders of $6.6 million, or $0.08 per basic and diluted share, in the third quarter of fiscal 2005 compared to a net loss available to common stockholders of $11.1 million, or $0.15 per basic and diluted share, in its third quarter of fiscal 2004, and a net loss available to common stockholders of $7.2 million, or $0.09 per basic and diluted share, in its second quarter of fiscal 2005.
