Quantum Fuel Systems (QTWW) Reports In-Line Q1 EPS

Quantum Fuel Systems (NASDAQ: QTWW) reported Q1 EPS of ($0.13), in-line with the analyst estimate of ($0.13). Revenue for the quarter came in at $9.2 million versus the consensus estimate of $9.44 million.

Product backlog increased to $26.1 million at March 31, 2015 from $17.8 million at December 31, 2014.

"We are pleased by the inroads we continue to make with our innovative and emerging storage system offerings. The 46 percent increase in product sales driven by the delivery of these storage systems in the current quarter demonstrates a true growth strategy and a framework that enables us to develop scale in our business," said Brian Olson, President and CEO of Quantum. "We have made significant improvements to the direct material cost of these systems over the previous quarter as we begin to scale and further develop our supply base, and have developed a clear pathway to reduce certain indirect costs and secure higher pricing on next generation systems we are introducing this week at the Alternative Clean Transportation Expo," continued Mr. Olson.

For earnings history and earnings-related data on Quantum Fuel Systems (QTWW) click here.

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