Synthesis Energy Systems Q4 Loss Widens - Quick Facts

(RTTNews) - Synthesis Energy Systems Inc.'s (SYMX) net loss attributable to stockholders for the fourth quarter of fiscal 2013 was $5.7 million, or $0.09 per share, versus a loss of $5.0 million, or $0.10 per share, for the prior year's fourth fiscal quarter.

The operating loss for the fourth quarter of fiscal 2013 was $5.5 million versus an operating loss of $4.2 million for the fourth quarter of fiscal 2012. The increase in operating loss was primarily due to non-cash charges including a $1.0 million write-off to general and administrative expenses of previously deferred financing costs related to the ZJX stock purchase agreement that was terminated in June 2013, and an increase in stock-based compensation expenses.

Total revenue for the quarter, was $192,000 versus $284,000 last year. These revenues were comprised of engineering services and feedstock studies.