Highpower International (HPJ) Reports In-Line Q4 EPS, FY15 Revenue Guidance Falls Short
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Highpower International Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2014
March 24, 2015 8:30 AM EDTSAN FRANCISCO and SHENZHEN, China, March 24, 2015 /PRNewswire/ -- Highpower International, Inc. (NASDAQ: HPJ), a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2014.
2014 Fiscal Year Operating and Financial Highlights (all results are compared to prior year period)
Net sales were $147.1 million, an increase of 10.7% compared to $132.8 million. Lithium battery net sales increased 18.1% from $57.9 million to 68.4 million. Gross margin was 20.5% compared to 19.9%. Adjusted... More