WASHINGTON (dpa-AFX) - Clean Diesel Technologies, Inc. (CDTI) Friday reported third-quarter net loss of $1.6 million or $0.13 per share, wider than last year' loss of $1.1 million or $0.12 per share lsat year.
Revenues for the quarter dropped to $9.3 million from $13.3 million last year.
'While our third quarter results were lower than expected, I am encouraged by the significant progress we are making as we focus on developing our advanced materials platform to drive sustained profitability,' stated Chris Harris, CDTi's President and CEO.
Shares of Clean Diesel are currently down 11 percent on the Nasdaq.
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