Superconductor Technologies Reports 2016 Fourth Quarter and Year-End Results
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Superconductor Technologies (SCON) Posts Q4 Loss of $0.61/Share
March 28, 2017 6:35 AM EDTSuperconductor Technologies (NASDAQ: SCON) reported Q4 EPS of ($0.61), versus ($1.23) in the same quarter last year. Fourth quarter 2016 net revenues were $9,000, compared to $22,000 in the third quarter of 2016 and $27,000 in the fourth quarter of 2015.
Jeff Quiram, STIs president and CEO, stated, During 2016, we designed and implemented significant performance improvements to our Conductus® HTS wire. Early this year, we attained a 20% increase in critical current carrying capacity on our new wire architecture. In late February, our internal testing delivered results that met specifications for several customers. As a result, we have... More
