ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

ENA Enova Systems Inc.

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Enova Systems Inc. AMEX:ENA AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Enova Announces Expected Earnings for the Third Quarter of 2009

30/10/2009 1:22pm

Business Wire


Enova Systems Inc. (AMEX:ENA)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Enova Systems Inc. Charts.

Enova Systems, Inc. (NYSE AMEX: ENA) (AIM: ENV) (AIM: ENVS), a production company in the emerging alternative energy industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems, today announced expected net sales and gross margin for the third quarter of 2009.

Enova expects to post third quarter 2009 net sales of approximately $2.89 million with a gross margin of approximately 12.3%. Comparatively, in the third quarter of 2008, Enova recorded net sales of approximately $160 thousand with a negative gross margin of approximately -57.1%.

Enova President and CEO Mike Staran commented, “The delivery of 229 systems in the third quarter of 2009 validates Enova’s position of market leadership. The associated financial results underscore the capability of Enova to generate a sustainable product margin as the first step on the path to profitability.”

Enova continues its growth with its core customers. The company looks to ramp up capacity and resources with the expected customer demands. Organizationally, the company has begun to strengthen its technical resources and has local resources in China to support its customers.

About Enova:

Enova Systems (http://www.enovasystems.com) is a leading supplier of efficient, environmentally friendly digital power components and systems products. The Company’s core competencies are focused on the development and commercialization of power management and conversion systems for mobile applications. Enova applies unique ‘enabling technologies’ in the areas of alternative energy propulsion systems for light and heavy-duty vehicles as well as power conditioning and management systems for distributed generation systems. The Company develops, designs and produces non-invasive drive systems and related components for electric, hybrid-electric, and fuel cell powered vehicles in both the “new” and “retrofit” vehicle sales market. For further information, contact Enova Systems directly, or visit its Web site at http://www.enovasystems.com.

Additional Information:

This news release contains forward-looking statements relating to Enova Systems and its products that are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "could," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology and statements about industry trends and Enova’s future performance, operations and products. These forward-looking statements are subject to and qualified by certain risks and uncertainties. These and other risks and uncertainties are detailed from time to time in Enova Systems’ periodic filings with the Securities and Exchange Commission, including but not limited to Enova's annual report on Form 10-K for the year ended December 31, 2008.

1 Year Enova Systems Inc. Chart

1 Year Enova Systems Inc. Chart

1 Month Enova Systems Inc. Chart

1 Month Enova Systems Inc. Chart

Your Recent History

Delayed Upgrade Clock