ZBB Energy incurs another quarterly loss

ZBB Energy Corp., a Menomonee Falls-based developer of renewable energy power platforms, reported a fiscal second quarter net loss of $2.8 million, or 8 cents per share, compared with a net loss of $1.8 million, or 9 cents per share, in the same period a year ago.
The company’s quarterly revenues grew to $440,921 from $234,681 a year earlier.
"We’re very excited about the final commercial launch for both the ZBB Enerstore and the ETL certified ZBB EnerSection that we expect during this current quarter. The process to commercialization has been tough with many foreseen and unforeseen pitfalls. Our team, however, has met every challenge. Our progress to commercialization has been and is a measured and structured course. Key milestones including ETL certification to UL 1741 and V3 design validation were met early this quarter that were essential for our expected upcoming commercial launch. Our backlog grew to $6.7 million with the addition of several key orders and our sales funnel continues to expand with solid prospects. Our near-term goal is, of course, to begin converting the $6.7 million of backlog into revenue as quickly as possible and to continue to close orders," said Eric Apfelbach, president and CEO of ZBB Energy Corp.