Clean Diesel Q2 loss widens to $2.1 mln vs $519,000 as sales more ...

Tag : Diesel 2

LONDON (Thomson Financial) - Clean Diesel Technologies , Inc. said its second-quarter net loss widened to $2.1 millioncompared with $519,000 in the same quarter last year, even as salesmore than doubled.
It said the net loss included $238,000 of non-cash charges for thefair value of stock options. It also recorded an unrealised loss of$164,000 that reduced the value of its investments in auction ratesecurities, with a corresponding reduction in stockholders' equity.
The emissions reduction company said total revenues for the quarterincreased to $2.6 million compared to $1.2 million last year,driven by strong sales of purifier system particulate matteremission control solutions.
It said its licensing strategy to obtain certification and supplyproduct for the low emission zones (LEZs) program will help reducecosts considerably in the next 18 months.
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