Menomonee Falls-based ZBB Energy Corp. reported a net loss of $8.5 million, or 38 cents per share, for its full fiscal year, which was an improvement from a net loss of $9.6 million, or 74 cents per share, in the previous year.
The company’s total revenues climbed to $1.8 million in 2011 from $1.5 million a year ago.
"We believe fiscal 2012 is an inflection point for the company. Our product launch of the Tier designed UL certified PECC electronics and the completion of the V3 product launch this fall are expected to set the stage for meaningful revenue growth in fiscal 2012. We entered fiscal year 2012 with over $5.2 million in backlog and have continued to add a number of orders to the backlog during the first quarter of the 2012 fiscal year with a total current backlog of $7 million. In addition, the quality and quantity of opportunities in our sales funnel have never looked better," said Eric Apfelbach, president and chief executive officer of ZBB Energy. "ZBB began to unveil some key components of our global market strategy this year. Geographies like China, India and South Korea not only offer the strategic intent to deploy our products, but also provide financing opportunities and strong market drivers. We anticipate that our announced and developing partnerships in these key growth markets will enable us to enter these markets in an effective manner while leveraging the lowest cost manufacturing and supply chains."
