XZERES Corp. (XPWR) Announces Q1 Fiscal Year 2012 Financial Results; 57% Sequential Growth
XZERES Corp., designer, developer and producer of distributed generation wind power systems for the small wind market (2.5kW-100kW) and power management and efficiency devices for the commercial and light industrial market, just announced its financial results for its fiscal first quarter ended May 31, 2011. Revenue for the quarter totaled $1,017,217, a 57% sequential increase as compared to the fiscal fourth quarter ending February 28, 2011. Revenue by channel for the first quarter for its wind power systems business grew to 47.2% direct and 52.8% indirect as compared to 32.8% direct and 67.2% indirect for the previous fourth quarter. In…
