Enova Systems Inc. announced earnings results for the fiscal year ended December 31, 2012. For the year, the company reported revenues of $1,103,000 against $6,622,000 a year ago. Operating loss was $6,024,000 against $6,856,000 a year ago.

Net loss was $8,235,000 against $6,984,000 a year ago. Revenues in the current year were negatively affected by uncertainty over battery performance and non-recoverable engineering costs associated with battery development and subsequent to the company's restructuring in June 2012, the company reduced capacity to pursue new business. The decrease in revenue for the twelve months ended December 31, 2012 compared to the same period in 2011 was mainly due to a decrease in deliveries to the company's core customer base in the United States.  Revenues in 2012 were mainly attributed to shipments to First Auto Works in China and the Optare Group in the U.K in the first half of the year.  We will have fluctuations in revenue from quarter to quarter. Basic and diluted loss per share was $0.19 against $0.22 a year ago.

Net cash used in operating activities was $3,388,000 against $6,302,000 a year ago. Purchases of property and equipment were $16,000 against $275,000 a year ago.