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Technology Stocks : SatCon Technology (SATC)
SATC 1.5000.0%Nov 5 3:00 PM EDT

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To: Jim Oravetz who wrote (425)8/16/2005 12:55:54 PM
From: Jim Oravetz  Read Replies (1) of 440
 
SatCon Tech 3Q Losses 7c/Shr Vs 3c

DOW JONES NEWSWIRES
August 16, 2005 11:44 a.m.

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BOSTON (Dow Jones)--SatCon Technology Corp.'s (SATC) fiscal third-quarter loss widened on higher manufacturing costs ahead of a planned production increase at its power systems unit.

In a press release Tuesday, the maker of electronics and motors also said it sold 4.7 million common shares and 1.2 million stock-purchase warrants for $5.8 million, less fees, to expand its marketing efforts in the alternative-energy, hybrid-vehicle and grid-support markets.

Following the news, shares of SatCon were down 14.1%, or 23 cents, to $1.40 in recent trading.

For the quarter ended July 2, SatCon posted a loss of $2.27 million, or 7 cents a share, compared with a loss of $795,109, or 3 cents a share, a year earlier.

Revenue fell slightly to $8.16 million from $8.61 million.

SatCon has about 33.4 million shares outstanding and a market capitalization of $54.4 million, based on Monday's closing price of $1.63.

SatCon Technology Corp. - Boston
3rd Quar July 2:
2005 2004
Revenue $8,157,768,000 $8,612,028,000
Net income (2,273,901) (795,109)
Avg shrs (diluted) 33,364,094 28,078,113
Shr earns
Net income (.07) (.03)
Figures in parentheses are losses.

Company Web site: satcon.com
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