Net loss for the fourth quarter of 2007 was $2.9 million, or $0.07 per share, compared with a net loss of $14.6 million, or $0.43 per share, in the fourth quarter of 2006. Net loss for fiscal 2007 was $8.9 million, or $0.22 share, compared with a net loss of $77.5 million, or $2.45 per share, in 2006.
Net loss amounts for the fourth quarter and full year ended December 31, 2006, include derivative losses related to prior futures contract activities that the company has since discontinued.
For the fourth quarter of 2007, the company’s combined volume of compressed natural gas (CNG) and liquefied natural gas (LNG) delivered increased to 18.2 million gallons, compared with 17.7 million gallons in the same period a year ago.
For the year ended December 31, 2007, the combined volume of CNG and LNG delivered rose to 75.3 million gallons, up from 68.4 million gallons in 2006.
