Amerigon Reports Wider Loss in 3rd Quarter
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Amerigon Inc., a Burbank company that went public in June, said its net loss widened in the third quarter as expected because its sales, marketing and development expenses increased faster than its revenues.
The maker of components and parts for electric cars posted a net loss of $982,322 for the three months that ended Sept. 30, compared with a net loss of $191,167 a year earlier.
Revenue climbed 15% in the latest quarter to $689,391 from $595,834 in 1992’s third quarter.
For the nine months, Amerigon’s net loss widened to $2.1 million from a net loss of $1.1 million in the same period a year ago.
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