Echelon Corporation Announces Second Quarter 2000 Revenues Increase 29% from Prior Year
SUNNYVALE, Calif., Jul 20, 2000 (BUSINESS WIRE) -- Echelon Corporation
(Nasdaq: ELON) today announced financial results for the quarter ended June 30,
2000.
Revenues for the quarter ended June 30, 2000 were $12.7 million, an increase of
29% over revenues of $9.8 million for the same period in 1999. Net loss for the
quarter ended June 30, 2000 was $508,000, or $0.01 per share, based on a
weighted average of 34,507,000 common shares outstanding, compared to a net loss
of $744,000, or $0.02 per share, based on a weighted average of 32,826,000
common shares outstanding in the second quarter of 1999.
Revenues for the six-month period ended June 30, 2000 were $24.1 million, an
increase of 30% over revenues of $18.6 million for the same period one year ago.
-------------------------------------------------------------------------------- |
