{"id":22595,"date":"2014-05-19T09:23:18","date_gmt":"2014-05-19T13:23:18","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=22595"},"modified":"2014-05-19T09:23:18","modified_gmt":"2014-05-19T13:23:18","slug":"quantum-fuel-systems-tech-worldwide-inc-nasdaqqtww-reported-its-results-for-the-quarter-ended-march-31-2014","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/quantum-fuel-systems-tech-worldwide-inc-nasdaqqtww-reported-its-results-for-the-quarter-ended-march-31-2014-22595","title":{"rendered":"Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW) Reported Its Results For The Quarter Ended March 31, 2014"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 05\/19\/2014 (wallstreetpr) \u2013 <b>Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW)<\/b> issued its quarterly report for the period ended March 31, 2014.<\/p>\n<p style=\"text-align: justify;\"><b>Results<\/b><\/p>\n<p style=\"text-align: justify;\">Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW) is comparable to the same period of last year, when total revenue reported was $4.5 million. This marks an increase of $3.5 million, making it an 80% surge over a year. Of this, net product sales accounted to around $3 million and contract services amounted to the rest $5 million. An increase of 248% and 37% was reported in contract services and net product sales respectively, as compared to the same period of the prior year.<\/p>\n<p style=\"text-align: justify;\">Total cost of revenues was reported to be around $5.5 million, $2.5 million up from last year\u2019s record of $3 million. This marks an increase of as much as 74% from the same period result of 2013. Total gross margin accounted to $2.4 million, almost double the figure of last year, when it was $1.2 million. Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW) reported total operating expenses as $4 million. In 2013, total operating expenses had been reported to be around $1 million greater that is was around 21% more and amounted to around $5 million. Loss in operating income was $1.6 million, lower $2.25 million as compared to the same quarter results for the prior year, when it was $3.8 million.<\/p>\n<p style=\"text-align: justify;\"><b>Outlook<\/b><\/p>\n<p style=\"text-align: justify;\">Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW) expects total revenues for the year 2014 to be in the range of $45 million to $50 million. The company had announced showcasing of its new back of cab CNG storage unit on March 27. It said that the back of cab supported modules integrates the company\u2019s Q-Lite tank technology and is capable of storing 123 DGE of CNG fuel. It had also announced introducing a new tank system on April 22. This system is aimed at the light duty vehicles\u2019 service industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 05\/19\/2014 (wallstreetpr) \u2013 Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW) issued its quarterly report for the period ended March 31, 2014. Results Quantum [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":22596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[6563,6683,6562],"stock_ticker":[],"class_list":["post-22595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nasdaqqtww","tag-quantum-fuel-systems-tech-worldwide-inc","tag-quantum-fuel-systems-tech-worldwide-inc-nasdaqqtww","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW) Reported Its Results For The Quarter Ended March 31, 2014  - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/quantum-fuel-systems-tech-worldwide-inc-nasdaqqtww-reported-its-results-for-the-quarter-ended-march-31-2014-22595\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW) Reported Its Results For The Quarter Ended March 31, 2014  - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 05\/19\/2014 (wallstreetpr) \u2013 Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW) issued its quarterly report for the period ended March 31, 2014. 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