Syntroleum Reports Q4 Net Loss of $12.3 Million

Syntroleum Corporation today announced unaudited financial results for the fourth quarter ended December 31, 2006.
The Company reported a net loss of $12.3 million for the current quarter compared to a net loss of $13.8 million for the fourth quarter of 2005. The Company incurred a net loss of $53.9 million for the twelve months ended December 31, 2006, compared to a net loss of $41.4 million during the same period of 2005.
Earnings per share for the quarter included $0.04 per share loss related to discontinued international and domestic oil and gas operations, compared to $0.02 per share loss in the prior period.
Loss from continuing operations for the quarter was $0.18 per share compared to $0.22 per share in the prior period. The Company’s cash balance at December 31, 2006 was $33.5 million. This compares to a cash balance of $69.7 million at December 31, 2005.
Fourth quarter 2006 revenues were $0.2 million, a decrease of $0.6 million from the fourth quarter of 2005.
Revenues for the twelve months ended December 31, 2006 were $3.8 million compared to $7.9 million for the same period in 2005.



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