VIASPACE, Inc. (VSPC) Posts Q4, FY2010 Results reflecting Substantial Increase in Revenues
VIASPACE Inc., a clean energy company focused on providing products and technology for renewable and alternative energy, today reported its financial results for the fourth-quarter and year ended December 31, 2010. Fourth quarter 2010 total revenues were reported at $1,040,000, up more than 22% from the $851,000 that was reported for the same period in 2009. Cost of revenues totaled $752,000 in Q4 2010, compared to $541,000 in Q4 2009. Gross profit for the quarter was $288,000, compared to gross profit of $310,000 a year earlier. Total operating expenses for the quarter were $922,000, including $860,000 of selling, general and…