ZBB Energy’s losses are mounting

Menomonee Falls-based ZBB Energy Corp. reported a fiscal fourth quarter net loss of $5.8 million, or 13 cents per share, compared with a net loss of $1.7 million, or 8 cents per share, in the same period a year ago.

The company’s quarterly revenues decreased 21 percent to $1.1 million.
For the full fiscal year, ZBB Energy lost $13.7 million, but its revenue increased 167 percent to $4.8 million.
“Fiscal year 2012 was a very important year for ZBB Energy, in which we successfully began commercialization of our technologies. We also completed strategic moves to bolster our ability to bring products to market worldwide and set the foundation for future growth. With these key pieces in place, we are well positioned to execute against our growth plans for the next several years,” said Eric Apfelbach, president and chief executive officer of ZBB Energy. “Our backlog and sales funnel continue to be strong, our balance sheet is strong, and we’ve added key members to our team, all of which should translate into accelerated growth as we move into fiscal 2013.”

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