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http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyI... Hoku Scientific, Inc. Reports Results for Fiscal Year 2009 and Fourth Quarter Ended March 31, 2009 Hoku Scientific, Inc. Reports Results for Fiscal Year 2009 and Fourth Quarter Ended March 31, 2009 HONOLULU, HI -- (Marketwire) -- 06/11/09 -- Hoku Scientific, Inc. (NASDAQ: HOKU), a materials science company focused on clean energy technologies, today announced its financial results for the fiscal year and fourth quarter ended March 31, 2009. The Company also provided a general update on its business. Financial Results Revenue for the fiscal year ended March 31, 2009 was $5.0 million, compared to $3.2 million for fiscal 2008. Revenues for the quarters ended March 31, 2009 and 2008 were $112,000 and $621,000, respectively. All revenue in fiscal 2009 was derived from photovoltaic, or PV, system installation and other related services and the resale of solar inventory. Revenue for fiscal 2008 was primarily derived from PV system installations and fuel cell revenue from contracts with the U.S. Navy. As of March 31, 2009 and March 31, 2008, deferred revenues of $784,000 and $36,000, respectively, were attributable to PV system installation projects and related service contracts. Net loss, computed in accordance with U.S. generally accepted accounting principles, or GAAP, for the fiscal year ended March 31, 2009 was $3.0 million, or $0.15 per diluted share, compared to $4.3 million, or $0.26 per diluted share for fiscal 2008. GAAP net loss for the quarter ended March 31, 2009 was $904,000, or $0.04 per diluted share, compared to $2.1 million, or $0.12 per diluted share for the same period in fiscal 2008. Y M
