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USA: A123 Systems Earnings: Loss Widens

A123 Systems, Inc. ‘s (NASDAQ:AONE) first quarter loss widened behind higher costs and declining sales. A123 Systems, Inc. designs, develops, manufactures and sells advanced rechargeable lithium-ion batteries and battery systems for hybrid electric vehicles, or HEVs, plug-in hybrid electric vehicles, or PHEVs and electric vehicles, or EVs.

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A123 Systems Earnings Cheat Sheet for the First Quarter

Results: Loss widened to $53.6 million (51 cents/diluted share) from $29 million (loss of 28 cents/share) in the same quarter a year earlier.
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