Menomonee Falls-based ZBB Energy Corp. reported a quarterly loss of $2.9 million, or 12 cents per share, compared with a loss of $2.0 million, or 16 cents per share, in the same period a year ago.
The company reported quarterly revenues of $205,971, which was up from $188,780 a year earlier.
The net loss in the latest quarter was greater due to increased expenses related to the consolidation of Tier Electronics.
"The efficient completion of the Tier acquisition by the end of the quarter was an essential milestone during the quarter for achieving our overall business plan," said Eric Apfelbach, chief executive officer and president of ZBB. "With Tier completely on-board, we now have much better control of our product development as we begin to enter our targeted commercial markets. In addition to closing Tier, we continue to grow our backlog and expand our global reach particularly into Asia. I elaborate on these and other aspects of our business plan later on in the press release."
