Valence Technology, Inc. (NASDAQ:VLNC)
About Valence Technology, Inc. (NASDAQ:VLNC) Valence Technology, Inc. (Valence) develops, manufactures and sells dynamic energy systems utilizing its phosphatebased lithiumion technology. The Company engaged in the development of lithium iron magnesium phosphate dynamic energy storage systems. In November 2009, the Company introduced a Revision 2 of its UCharge Lithium Phosphate Energy Storage Systems. In addition to the UCharge family of products, the Company offers the materials, cells and systems. The Company operates in five markets: motive, stationary, industrial, military and marine. The Company is enabling efficient transportation solutions from allelectric and hybrid personal transporters to commercial delivery vehicles and mass transit buses. Stationary Energy Storage Systems are designed to provide electrical power to systems during instances of power outages.
Statistics Symbol
VLNC
EPS
0.12
Current Price
$1.60
Market Capitalization:
$231.38M
52 week range
$0.64 $1.84
Shares Outstanding
144.61M
Avg Volume
1.76M
Beta Value
0.87
Financials Valence Technology, Inc. (NASDAQ:VLNC) generated current quarterly total revenue of $12.65 million that is slightly greater than last quarter’s closing of $5.57 million. Moreover, diluted EPS has increased by 1.3 percent in present quarter as compared to last quarter ending. The company’s cash flow from operations has decreased to negative $7.67 million from last quarter’s ending cash flow of negative $3.78 million. That is not a good sign and company would face some problems to repay its debts. Total assets of company mount up to $34.20 million as of 30th September, 2010 that is 33.1% greater than last quarter ending and it has also managed to maintain the Current ratio. The company’s total equity is gradually increasing which depicts that company is going to have fewer funding liquidity problems and more funds available to invest in future profitable opportunities.
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