Active Power (ACPW) Misses Q4 EPS by 3c
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Active Power Reports First Quarter 2016 Results
April 26, 2016 7:30 AM EDTAUSTIN, TX -- (Marketwired) -- 04/26/16 -- Active Power (NASDAQ: ACPW), a manufacturer of flywheel energy storage products and modular infrastructure solutions (MIS) for mission critical and renewable applications worldwide, reported results for the first quarter ended March 31, 2016.
Highlights
First quarter revenues declined sequentially and year-over-year following low bookings in the fourth quarter of 2015 and deliveries of existing orders shifting to later periods Bookings improved 25% to $10.0 million compared to $8 million in the fourth quarter of 2015; book-to-bill ratio above 1.0 in eight of the last nine quarters Operating expenses... More