Last $0.01 USD
Change Today +0.0008 / 6.25%
Volume 144.0
ENVS On Other Exchanges
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As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

enova systems inc (ENVS) Snapshot

Open
$0.01
Previous Close
$0.01
Day High
$0.01
Day Low
$0.01
52 Week High
03/26/14 - $0.07
52 Week Low
12/9/13 - $0.0060
Market Cap
822.6K
Average Volume 10 Days
9.5K
EPS TTM
$-0.04
Shares Outstanding
64.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ENOVA SYSTEMS INC (ENVS)

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enova systems inc (ENVS) Details

Enova Systems, Inc. designs, develops, and produces drive systems and related components for electric, hybrid electric, and fuel cell systems for mobile applications in the United States, Asia, and Europe. It offers series and parallel hybrid systems. The company’s electric and hybrid-electric drive systems, and power management and power conversion systems are used in applications, such as several light, medium and heavy duty trucks, train locomotives, transit buses, and industrial vehicles. It primarily serves vehicle and bus manufacturers. The company was formerly known as U.S. Electricar, Inc. and changed its name to Enova Systems, Inc. in July 2000. Enova Systems, Inc. was founded in 1976 and is based in Torrance, California.

2 Employees
Last Reported Date: 11/19/14
Founded in 1976

enova systems inc (ENVS) Top Compensated Officers

Chief Executive Officer, President, Chief Fin...
Total Annual Compensation: $150.1K
Compensation as of Fiscal Year 2013.

enova systems inc (ENVS) Key Developments

Enova Systems Inc. announced delayed 10-Q filing

On 11/14/2014, Enova Systems Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Enova Systems Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Enova Systems Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating loss of $178,000 against $348,000 a year ago. Net loss was $219,000 against $340,000 a year ago. For the six months, the company reported operating loss of $315,000 against $734,000 a year ago. Net loss was $387,000 against $746,000 a year ago. Basic and diluted loss per share was $0.01 against $0.02 a year ago. Net cash used in operating activities was $227,000 for the six months ended June 30, 2014; a decrease of $177,000 compared to net cash used in operating activities of $50,000 for the six months ended June 30, 2013. Operating cash used in the first six months of 2014 decreased compared to the prior year period primarily due to payments of accounts payable in the current year and collections of accounts receivables and the receipt of customer deposits for production orders in the prior year.  Property and equipment, net of depreciation, decreased by $20,000, or 25%, to $60,000 at June 30, 2014 compared to a balance of $80,000 at December 31, 2013.  The decrease is primarily due to depreciation expense of $20,000.

Enova Systems Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Enova Systems Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating loss of $178,000 against $348,000 a year ago. Net loss was $219,000 against $340,000 a year ago. Basic and diluted loss per share was nil against $0.01 a year ago. For the six months, the company reported operating loss of $315,000 against $734,000 a year ago. Net loss was $387,000 against $746,000 a year ago. Basic and diluted loss per share was $0.01 against $0.02 a year ago. The decrease in the net loss for the three and six months ended June 30, 2014 compared to the same periods in the prior year was mainly due to the reduction in workforce in the second quarter of 2012 which resulted in lower operating costs and the maintenance on only minimal operations. Revenues in the current year were negatively affected by uncertainty over the company's ability to continue operations after restructuring in June 2012, which reduced capacity to pursue new business.  The decrease in revenue for the three and six months ended June 30, 2014 compared to the same period in 2013 was mainly due to inability to sustain production in 2014. Revenues in the first six months of 2013 were mainly attributed to shipments to First Auto Works in China and the Smith Electric Vehicles in the U.S. Net cash used in operating activities was $227,000 against $50,000 a year ago. .

 

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Industry Analysis

ENVS

Industry Average

Valuation ENVS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 822.6x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
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