Austin, TX 10/30/2007 11:31:53 PM
Speak with other shareholders about: (Nasdaq: AATI), (Nasdaq OPTT), (OTCBB: SKMI)
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Advanced Analogic Technologies (Nasdaq: AATI) Closed at $10.98. Announced Monday after market close financial results for the third quarter ended September 30, 2007. Revenue for the third quarter of 2007 was $30.6 million, an increase of 52% over revenue of $20.1 million for the third quarter of 2006 and a sequential increase of 19% over revenue of $25.8 million for the second quarter of 2007.
Net income for the third quarter of 2007 was $2.6 million, or $0.05 per diluted share. This compares to a net loss of $1.5 million, or $0.03 per diluted share, for the third quarter of 2006, and a net loss of $0.9 million, or $0.02 per diluted share, for the second quarter of 2007. The Company recorded stock-based compensation expense of $1.6 million, $1.5 million and $1.7 million in the third quarter of 2007, the third quarter of 2006 and the second quarter of 2007, respectively.
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Ocean Power Technologies (Nasdaq OPTT) Closed at $16.78. Announced today that OPT and Converteam Ltd have signed a Cooperation Agreement for the development of High Temperature Superconductor (HTS) Linear Generators for use in OPT's PowerBuoy wave energy converters. Under the agreement OPT and Converteam will jointly develop the technology on an exclusive basis for at least five years, including investigating commercial opportunities and potential customers for the HTS linear generator PowerBuoys.
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SKRM Interactive (OTCBB: SKMI) Closed at $0.87. Today announced that they are accelerating plans to enter the fire emergency response product market. The Company seeks to dominate this sector with their state of the art product line, which is designed for such recent natural disasters like that which is still raging in Southern California.
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