Highpower International (HPJ) Reports Q1 Loss of $0.02

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Go back to Highpower International (HPJ) Reports Q1 Loss of $0.02

Highpower International Reports Financial Results For the First Quarter Ended March 31, 2016

May 12, 2016 8:30 AM EDT

SAN FRANCISCO and SHENZHEN, China, May 12, 2016 /PRNewswire/ -- Highpower International, Inc. (NASDAQ: HPJ), ("Highpower International" or "the Company") 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 2016 first quarter ended March 31, 2016.

2016 First Quarter Financial Highlights (all results are compared to prior year period)

Net sales were $29.1 million compared to $32.1 million primarily due to decreased average selling prices of the Ni-MH batteries and decreased... More