Clean Diesel Technologies, Inc. Reports Fourth Quarter and Fiscal Year 2011 Financial Results
Clean Diesel Technologies, Inc. (NASDAQ: CDTI ) ("Clean Diesel"), a cleantech emissions reduction company, announced today its financial results for the fourth quarter and fiscal year ended December 31, 2011. The highlights are as follows:
- Record fourth quarter revenue of $21.3 million, up 80.5% year over year
- Income from operations of $0.2 million in fourth quarter 2011 compared to loss from operations of $3.9 million in 2010
- Record fiscal year 2011 revenue of $61.6 million, up 28.0% year over year
"Fourth quarter revenue exceeded our expectations, recording growth of over 80%," said Craig Breese, Chief Executive Officer of Clean Diesel.
- Published: 12 March 2012
- Written by Editor