Altair Nanotechnologies, Inc. (NASDAQ:ALTI)
About Altair Nanotechnologies, Inc. Altair Nanotechnologies Inc. is engaged in the business of developing, manufacturing and selling its nano lithium titanate battery products and providing related design, installation and test services. The Companyâ€™s primary focus is marketing its large-scale energy storage solutions to power companies and electric grid operators throughout the world. In addition, it also markets its battery products to the electric and hybrid-electric mass-transit markets. It also provides contract research services on select projects where it can utilize its resources to develop intellectual property and/or new products and technology. The Company is organized into two divisions: Power and Energy Group and all other division.
52 week range
$1.22 - $3.84
Financials Altair Nanotechnologies, Inc. (NASDAQ:ALTI) produced total revenue $2.03 million which are faintly greater than last quarter’s revenue which was $1.50 million. However, Operating and net income both have decreased considerably which led to decrease in diluted EPSwhich is not a good sign for the investors. The company’s cash flow from operations has decreased to negative $9.85 million from last quarter ending cash flow of negative $8.84 million. Moreover, company’s cash flow from financing (CFF) activities has increased to $0.22 million from negative $0.22 million. This shows company is having some liquidity problems. According to present quarter’s ending financials as on September 30th, 2010, Company’s total assets mount up to $30.55 million. Return on equity and return on assets both are decreasing. Total liabilities and total equity stand at $9.57 million and $20.98million respectively.
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