Sales were $2.8 million (vs our $4.0 million and cons. $3.5 million) on the sale of 230 systems. A net loss of $4.8 million ($0.01/sh), was better than our $6.4 million ($0.01/sh). Lower revenue is not a concern, as sales growth is anticipated in H2 (and 2011E) when sales are seasonally stronger. AZD prefers to deliver its 200 unit order to Purolator in the back half of the year with the new JCI LiIon battery, which will support higher gross margins. Gross margins improved substantially q/q to -6% vs. an adjusted -20% in Q4. AZD has a 42% cost reduction plan, on track for Q3.

And the stock is trading down -$0.02.

It's trading like somebody put a banana in it's tale pipe !!!!

oh well Rome wasn't built in a day.