Zoltek Companies, Inc. (Nasdaq: ZOLT) reported financial results for the first quarter of its 2012 fiscal year.
Zoltek`s net revenues for the quarter ended December 31, 2011, totaled $47.0 million, compared to $32.9 million in the first quarter of fiscal 2011, an increase of 43.2%. On a sequential quarter basis, net sales for the latest quarter increased $3.9 million, or 9.1%, from the fourth quarter of fiscal 2011.
According to the Company pres release, "Zoltek believes that the prospects globally for wind energy will continue to be positive since it is the only clean zero CO2 emission renewable energy source that is cost-competitive with fossil fuels. Moreover, carbon fiber is the only material that delivers the necessary stiffness and strength per pound of weight to ensure the structural integrity of the super-long blades that power these turbines."
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