Archive - Aug 1, 2001

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ZAP Reports Second Quarter Fiscal 2001 Results

Submitted by acampbell on Wed, 08/01/2001 - 20:00.
Sebastopol, California (Aug. 14, 2001) - ZAP (NASDAQ:ZAPP), formerly known as ZAPWORLD.COM, today reported its financial results for the second quarter ended June 30 of fiscal year 2001. Total revenues for the quarter ended June 30, 2001, were $940,000 compared to $2,283,000 in the prior year, a decrease of $1,343,000 or 59%. Net loss for the same period was $1,953,000, or $ 0.31 per share, compared to a net loss of $477,000 or $ 0.09 per share in 2000. Revenues for the six months ended June 30, 2001 were $2,953,000 compared to $4,180,000 in the prior year. The net loss for the first six months of 2001 was $3,237,000 or $ 0.54 per share, compared to a loss of $960,000 or $ 0.19 per share in the prior year.