August 9, 2010
Mass Megawatts Shrinks Loss, Prepares For Production
By Matthew L. Brown
Worcester-based Mass Megawatts Wind Power Inc. shrunk its annual loss to $644,485 from $1.1 million a year ago, the company said.
The developer of wind power technology said the fiscal year ended April 30 also saw an increase in cash to $165,706 from $83,157 the prior year.
Revenue for the year was $158,834 compared to $24,731. Mass Megawatts operating loss was $636,600 compared to $1.1 million.
The company said it anticipates improved sales and is preparing for the mass production of its wind turbines.
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