Xzeres Wind sees 30% Q/Q revenue growth for Q3 FY 2010/11
(ADPnews) - Dec 1, 2010 - US Xzeres Wind Corp (OTC:XWND) said Tuesday it expects revenues for its third quarter through November to have risen by more than 30% quarter-on-quarter, driven by bigger demand for the company's small wind power systems and the opening of a new direct sales channel.
For the quarter to August 31, the wind turbine systems developer reported a gross revenue of USD 361,500 (EUR 277,000).
"We're pleased with the current sales momentum as we head into our fourth fiscal quarter and expect contributions from our global sales efforts underway in markets such as the UK and Australia," CEO Frank Greco said.
Xzeres will publish its third-quarter report on January 14.