American DG Energy, Inc. (ADGE) Reports FY 2007 and Fourth Quarter Financial Performance
American DG, a leading On-Site Utility offering electricity, heat, hot water and cooling solutions, reported that revenues increased by 84% to $5,847,020 in 2007. GAAP diluted earnings per share were $0.05 in 2007 compared with $0.09 in 2006 with an operating income loss of $905,077 in 2007. Gross margins expanded to 22% from 14%. John N. Hatsopoulos, Chief Executive Officer of American DG Energy said, “We are excited to report revenue growth of 84% in 2007, together with significant improvement in our gross margin. This performance reflects our ongoing commitment to focus on efficiency from both our operations and our…