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Quarterly results
World Energy Solutions, Inc. (XWES)
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Date Filed
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03/21/2007
8-K
Quarterly results
Docs:
"
World Energy Announces Fourth Quarter and 2006 Year-end Results March 21, 2007, Worcester, MA: World Energy Solutions, Inc. today announced its financial results for the fourth quarter and fiscal year ended December 31, 2006. All figures are in U.S. dollars unless stated otherwise. 2006 Highlights § Completed initial public offering for net proceeds to the Company of approximately $17.5 million § Revenue increased 23% over the prior year to $5.8 million § Annualized backlog* increased 44% to $5.2 million at December 31, 2006 § Number of channel partners grew to 29 from 16 at the end of 2005 § Subsequent to year end, appointed highly accomplished executive David Bat to the position of senior vice president of sales “Fiscal 2006 was a watershed year for the Company, highlighted by our initia...
"
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