Ballard Power -world leader zero-emission PEM fuel cells Message Board

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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells

BLDP 2.780

+3.3%

Nov 26 3:59 PM EST

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To: David B. who wrote (2397)	4/21/1998 5:49:00 PM
From: Garth Richmond	Read Replies (1) of 5827

Yes, Harvey is right - BLD turned a net profit of $0.11/share, although obviously not a profit from operations. Still, it shows there is a lot of $$$ coming into Ballard, betting that the technology will pay off. Revenues from sales of prototypes and development contracts for 1997 reached $24.2 million compared with $25.8 million in 1996. Net income for the year was $2 million, or $0.11 per share, compared with a net loss of $6.1 million, or $0.43 per share, in 1996. However, excluding non-operating gains in both periods, Ballard's net loss for 1997 would have been $25.4 million, or $1.37 per share, compared with $16 million, or $1.12 per share, in 1996. Details at 192.139.81.46 Garth.

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