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US: A123 Systems reports 2011 US$257.7m loss

The Nanophosphate battery developer/manufacturer A123 Systems has announced financial results for the fourth quarter and full year ended 31 December 2011, consistent with the preliminary results announced on 1 March 2012. Total revenue for the fourth quarter was US$40.4m, up 68% year-on-year. Of this, product revenue was US$34.5m, a 76% increase, Subscribe to Automotive World … Continued

The Nanophosphate battery developer/manufacturer A123 Systems has announced financial results for the fourth quarter and full year ended 31 December 2011, consistent with the preliminary results announced on 1 March 2012.

Total revenue for the fourth quarter was US$40.4m, up 68% year-on-year. Of this, product revenue was US$34.5m, a 76% increase,

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