SAVAGE, Minn. (Dec. 15) — After strenuous efforts to stem runaway losses from previous quarters, tire recycler GreenMan Technologies Inc. reported at least partial success for its fourth fiscal quarter and full year ended Sept. 30.
The company had a net loss of $38,000 on sales of $5.5 million for the quarter, compared with a loss of $9.7 million on sales of $5.2 million for the same quarter ended Sept. 30, 2005.
For the full year, sales fell compared with the year before, to $17.6 million from $18.3 million; but so did losses, to $3.7 million from $15.2 million.