Solar Energy Initiatives Inc.'s (SNRY.OB) first-quarter net loss was $0.99 million compared with a loss of $0.87 million last year, primarily reflecting its expenses relating to business activities that have been incurred ahead of its ability to recognize material revenues from its business plan.
For the three months ended October 31, 2009, the company recorded revenues of $1.01 million compared with $240,115 for the period ending October 31, 2008, reflecting dealer training, a municipality project and sales of solar systems and equipment.
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