WorldWater & Solar Technologies’ (WWAT.OB) Stock Falls to 52-Week Low on Second Quarter 2008 Earnings Report
WorldWater & Solar Technologies Corp. (WWAT.OB), a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology, recently announced its second quarter 2008 financial results. The company’s shares fell to a 52-week low earlier this week after reporting a net loss of $24 million, or $0.12 per share for the second quarter of 2008, compared with a net loss of $2.8 million, or $0.02 per share during the second quarter of 2007. The company’s revenue for the second quarter totaled $7.6 million, up considerably from the $2.2 million in revenue reported during the second…