May 11, 2011
ThermoEnergy Losses Continue
By Brandon Butler
ThermoEnergy Corp. of Worcester has restructured $8.1 million in debt, but the company is still not profitable, according to a report from the firm on first-quarter results.
ThermoEnergy lost $2.7 million on $900,000 in revenues during the first quarter of the year. That compared to a $2 million loss on $1.1 million in revenues during the first quarter of 2010.
The company said it settled a lawsuit filed by one of its former employees. In a phone interview, CEO Cary Bullock declined to provide additional details on the lawsuit.
The company specializes in municipal and industrial wastewater treatment and power generation technologies
WBJ Web Partners
Most Recent
Most Recent
0 Comments