Amerigon Incorporated results for the second quarter and six months ended June 30, 2002, show revenue increased 2-1/2 times to $US2.8 million, compared to revenues in the year-earlier period of $1.1 million but the company made a net loss of $1.7 million.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
For the six months ended June 30, 2002, revenues were $4.4 million, with a net loss of $3.8 million compared to $3.5 million, with a net loss of $3.6 million.
During the second quarter Amerigon began shipping its Climate Control Seat (CCS) to Nissan, which will offer it as an option in the 2003 Infiniti Q45 and M45, and production supply for the 2003 Ford Expedition Eddie Bauer Edition SUV began.
Amerigon also finalised its Mexican manufacturing programme.
Selling, general and administrative expenses for the 2002 second quarter and six months increased 22% and 8%, respectively, over year earlier periods due primarily to higher than expected costs associated with the outsourcing of manufacturing for North American customers.
Amerigon has previously announced plans to relocate its corporate office to the Detroit area by December 2002 and to cease all manufacturing operations in Southern California during the first quarter of 2003 though technical development will remain there.
