ThermoEnergy Corp. (TMEN) Posts Q2 Results reflecting Dramatic Growth in Sales
ThermoEnergy Corp., a diversified technologies company engaged in the municipal and industrial wastewater treatment and power generation technologies, today announced its second-quarter financial and operational results for the three months ended June 30, 2011. Revenues for the second quarter of 2011 increased 51 percent to $1.4 million compared to $0.3 million in the second quarter of 2010. Revenues for the first half of 2011 increased 70 percent to $2.4 million compared to $1.4 million in the first half of 2010, reflecting the company’s transition from legacy business to its new business model. Net loss for the second quarter of 2011…