PROVO — Raser Technologies Inc. on Friday reported a net loss applicable to common shareholders of $14.6 million, or 29 cents per share, for 2005. That compares with a loss of $11.3 million, or 24 cents per share, for 2004.
Revenue grew from $30,000 in 2004 to $300,000 in 2005, the company said.
The energy technology development and licensing company revealed the information in an annual report filed with the Securities and Exchange Commission.
As of Dec. 31, Raser had about $18.4 million in cash, restricted cash and short-term investments, and no long-term debt.
View Comments
U.S. financial markets were closed Friday. Raser stock closed Thursday at $16.87. During the past year, the price has ranged from $7.30 to $50.