Synthesis Energy Systems, Inc. (SYMX) saw its loss narrow to $0.57 million, or $0.01 a share for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $3.93 million, or $0.04 a share. Gross margin for the quarter expanded 2604 basis points over the previous year period to 60 percent.
Operating loss for the quarter was $2.92 million, compared with an operating loss of $3.08 million in the previous year period.
"During the second quarter of our fiscal year 2017, we have been focused on near term orders and their associated revenue, now closer than ever, and we are in the midst of forming financially impactful business platforms, all of which have been made possible by the successful multi-year commercialization of our technology," said DeLome Fair, SES president and chief executive officer. "Projects on nearly every continent are seeking us out, and I am extremely excited about the progress we are making through our technology projects and platforms outside of China. These inquiries are from countries and regions around the world eager for an economic alternative to expensive natural gas that is also environmentally responsible. SES Gasification Technology delivers a cleaner use of coal ��" a greener solution ��" that is proven on over 50 coals, biomass and wastes, including feedstocks from the US, Europe, China and Australia."
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