Highpower International (HPJ) Reports Q1 Loss of $0.07 on Revenues of $49.6M

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Go back to Highpower International (HPJ) Reports Q1 Loss of $0.07 on Revenues of $49.6M

Highpower International Reports Unaudited First Quarter 2018 Financial Results

May 11, 2018 7:00 AM EDT

SAN DIEGO and SHENZHEN, China, May 11, 2018 /PRNewswire/ -- Highpower International, Inc. (NASDAQ: HPJ) ("Highpower" or the "Company"), a developer, manufacturer, and marketer of lithium ion and nickel-metal hydride (Ni-MH) rechargeable batteries, battery management systems, and a provider of battery recycling, today announced its financial results for the first quarter ended March 31, 2018.

First Quarter 2018 Highlights (all results compared to prior year period)

Net sales for the first quarter of 2018 increased by 18.9% to $49.8 million from $41.9 million. Excluding the impact of Ganzhou Highpower Technology Co., Ltd. ("GZ Highpower"), net sales increased 24.1% to... More