- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
November 12th, 2007
Next up: tiny-tech expert Altair Nanotechnologies (Nasdaq: ALTI). The company was supposed to deliver a $0.08 loss per share, but tacked on another red penny. One key customer reportedly delayed a $3.2 million order for Altair battery packs while waiting for the federal standards wheels to grind out a battery interface specification.
A year ago, Altair reported revenues of $750,000, and over half of that came from research grants and development contracts. This time, 84% of $3.4 million came from commercial sales of various kinds. Yet despite that improved credibility, Altair keeps burning cash at an alarming rate, and operations have been financed by the occasional secondary stock offering. In 2005, Altair raised $26 million in that dilutive manner, and it added another $23.8 million in 2006.
Despite all this, the company's total asset balance is hardly higher today than it was at the end of 2005. Can you say "value destroyer"? Nanotech fans might want to look at five-star Motley Fool CAPS stocks like Chinese chemicals manipulator Shengdatech instead, or Rule Breakers pick Harris & Harris (Nasdaq: TINY), for a broader coverage of the nanotech market.
|Related News Press|
Accelerator Corporation Completes $62.8 Million Oversubscribed Financing September 30th, 2015
Nanometrics to Participate in the Citi 2015 Global Technology Conference August 26th, 2015
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers
Crystal clear: Thousand-fold fluorescence enhancement in an all-polymer thin film: Griffith University researchers report breakthrough due to novel and multi-layer Colloidal Photonic Crystal structure October 2nd, 2015
Production of High Temperature Ceramics with Modified Properties in Iran October 2nd, 2015
Sniffing out cancer with improved 'electronic nose' sensors October 2nd, 2015
Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage
A micro-supercapacitor with unmatched energy storage performance September 30th, 2015
Nano-mechanical study offers new assessment of silicon for next-gen batteries September 25th, 2015
Proposed standards for triboelectric nanogenerators could facilitate comparisons September 25th, 2015
New Nanocomposite Designed in Iran for Production of Supercapacitors September 10th, 2015