PROVO — Energy technology company Raser Technologies Inc. on Friday reported a net loss of $5 million, or 10 cents per share, for the quarter ended June 30. That compares with a loss of $7.9 million, or 16 cents per share, for the same quarter a year ago.
Revenues totaled $34,409, down from $148,961 in the prior-year period.
The company's technologies involve efficiently harnessing electrical energy in electric motors, controllers, alternator and generator technologies.
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The company's stock rose 23 cents Friday to close at $8.05. During the past year, the price has ranged from $6.45 to $26.