Ener1 posts first-quarter sales results

Ener1, a developer of lithium-ion batteries, has announced financial results for its first quarter ended 31 March 2010, posting net sales of $11m (£7.4m) compared with $8.2m in the prior-year first quarter. 

Net loss was $15.3m in the first quarter of 2010, compared with $7.3m in the 2009 first quarter. 

Basic and diluted net loss per share were $0.12 and $0.13 in the first quarter of 2010, compared with $0.06 and $0.08 in the first quarter of 2009. 

Weighted diluted shares outstanding were 125 million in the first quarter of 2010, compared with 113.5 million in the prior-year quarter.