ZBB Energy Corp., a Menomonee Falls-based developer of intelligent, renewable energy power platforms, announced a fiscal first quarter net loss of $2.9 million, or 4 cents per share, compared with a net loss of $1.7 million, or 5 cents per share, in the same period a year ago.
The company’s total quarterly revenues increased 11 percent to $1.8 million and product sales grew 610 percent to $1.6 million.
“The first quarter increase in product sales met our plan objectives of quarter over quarter increases in revenues,” said Eric Apfelbach, president and chief executive officer of ZBB Energy. “These shipments provide field-proven references for repeat orders from existing customer and for new customer orders. While our sales funnel continues to grow the key to our growth and achieving our 2013 fiscal year targets is accelerating the near-term bookings of orders in the funnel. In addition, our initial penetration in these key segments is leading to strategic partnership opportunities that we believe could offer significant leverage in our market channels, product offering and access to capital.”
