Evergreen Solar Inc. (Marlboro, MA) announced results for the fourth quarter and year ended December 31, 2001. For the three months ended December 31, 2001, product revenues were $764,000, an increase of $551,000 from $213,000 for the same period in 2000. Research revenues for the fourth quarter were $100,000, as compared to $325,000 for the same period in 2000.
Net loss for the fourth quarter of 2001 was $3.8 million, or $0.33 per share, as compared with a net loss of $2.0 million, or $0.29 per common share, for the fourth quarter of 2000. At December 31, 2001, cash, cash equivalents and short-term investments totaled $26.3 million, compared to $30.0 million at September 30, 2001.
For the 12 months ended December 31, 2001, product revenues were $1.5 million, a $1.1 million increase from $419,000 for the same period in 2000. Research revenues for the 12 months ended December 31, 2001, were $932,000, as compared to $1.8 million for the same period in 2000. Net loss for the 12 months ended December 31, 2001, was $12.5 million, or $1.10 per share, as compared to a net loss of $5.2 million, or $2.96 per common share, for the same period in 2000.
