Active infers st louis cardinals memorabilia Power expects st louis cardinals sweatshirts imparts its cash and investments balance as of the end ofthe third quarter to decrease by up to $1 million. * Released industry white paper that compares energy efficiencies acrossdifferent UPS topologies, demonstrating flywheel UPS technology in third partylab and field tests has highest efficiency versus conventional technologiesOutlookActive Power expects third quarter 2009 revenues to be between $7 and $10million. Bookings forthis quarter more than doubled from the level of orders received in firstquarter of 2009 and backlog improved by 58 percent as compared to the previousquarter. A reconciliation of EBITDA and Adjusted EBITDA to net income(loss), which is their most directly comparable GAAP measures, is provided belowin a table immediately following the Condensed Statement of Operations. Ourfunnel of opportunities continues to grow quarter over quarter. "Sales cycles have also lengthened as customers remaincautious However, we see encouraging trends for our business overall.
"As we announced earlier this month, our results for the quarter were below ourinitial guidance primarily due, we believe, to a slow down in capital spendingattributable to the global economic climate," said Jim Clishem, president andCEO, Active Power st louis cardinals . Cash and investments increased by $1.2 million during the quarter primarily as aresult of the completion of a $3 million private offering of securities duringthe period st louis cardinals merchandise . This compared to a decrease in cash and investments of $3.2 millionin the second quarter of 2008 and a decrease of $0.7 million in the firstquarter of 2009 Cash and investments at June 30, 2009, were $11.7 million st louis cardinals schedule . Thiscompares to a gross profit margin of 14 percent in the second quarter of 2008and a 29 percent margin achieved in the first quarter of 2009 on higher productvolumes st louis cardinals hat . The gross profit margin in the second quarter of 2009 was 22 percent. This comparesto a net loss of $4.4 million, or 7 cents per share, in the second quarter of2008 and a loss of $2.4 million or 4 cents per share in the first quarter of2009.
For the six-month period ended June 30,2009, revenue was $17.8 million, a 24 percent increase compared to the sameperiod in 2008 st louis cardinals sweatshirt . For the quarter, net loss was $3.5 million, or 6 cents per share st louis cardinals sweatshirts . Revenue for the quarter was $6.6 million, a 2 percent decreasecompared to the second quarter of 2008 st louis cardinals merchandise . LMP Capital and Income Fund Inc.Fund Investor Relations, 888-777-0102 Copyright Business Wire 2009 http:// . AUSTIN, Texas--(Business Wire)--Active Power, Inc. (NASDAQ: ACPW) announced results for its second quarter endedJune 30, 2009.