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US: Ener1 targets Europe/Asia for growth

Ener1 has reported revenue of US$34.8m in 2009, up significantly from the US$6.85m reported in the previous year, indicative of the company's potential growth. Revenue in Q4 2009 alone was US$11.0m, compared to US$8.1m in Q3 2009. The company's gross profit in 2009 amounted to US$4.07m, a margin of 11.7%, up It’s time to log … Continued

Ener1 has reported revenue of US$34.8m in 2009, up significantly from the US$6.85m reported in the previous year, indicative of the company's potential growth. Revenue in Q4 2009 alone was US$11.0m, compared to US$8.1m in Q3 2009.

The company's gross profit in 2009 amounted to US$4.07m, a margin of 11.7%, up

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