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Home > (CNBC, AWRE, CYNO, CLNO, KONA) Stock Highlights by PennyGovernance.com

(CNBC, AWRE, CYNO, CLNO, KONA) Stock Highlights by PennyGovernance.com

July 29th, 2011 at 12:19 pm





Center Bancorp Inc. (Nasdaq:CNBC), parent company of Union Center National Bank ("UCNB"), reported operating results for the second quarter ended June 30, 2011. Net income available to common stockholders amounted to $3.4 million, or $0.21 per fully diluted common share, for the quarter ended June 30, 2011, as compared with net income available to common stockholders of $1.9 million, or $0.13 per fully diluted common share, for the quarter ended June 30, 2010.

Center Bancorp, Inc. operates as the holding company for Union Center National Bank that provides various banking services to individual and corporate customers in Union and Morris counties, New Jersey.

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Aware Inc. (Nasdaq:AWRE) reported financial results for its second quarter ended June 30, 2011. Revenue for the second quarter of 2011 was $5.9 million, an increase of 19% compared to $5.0 million in the same quarter last year. The net loss for the second quarter of 2011 was $267,000, or $0.01 per diluted share. These results compared to a net loss of $148,000, or $0.01 per diluted share, for the same period a year ago.For the six months ended June 30, 2011, revenue increased 16% to $12.3 million, compared to $10.6 million in the same period a year ago. Net income for the six months ended June 30, 2011 was $323,000, or $0.02 per diluted share. These results compared to a net loss of $126,000, or $0.01 per diluted share, for the same period a year ago.

Aware, Inc. provides products for the biometrics and Digital Subscriber Line (DSL) test industries in the United States, Germany, and internationally.

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Cynosure, Inc. (Nasdaq:CYNO) announced financial results for the three months ended June 30, 2011. Financial Highlights: Second-quarter 2011 revenues increased 23 percent to $26.3 million from $21.5 million for the same period in 2010. The net loss for the quarter was $1.3 million, or $0.10 per basic and diluted share, which included $1.2 million of expenses associated with the acquisition of the aesthetic laser business of HOYA ConBio®. On an adjusted basis, excluding the acquisition expenses, the Company's net loss narrowed to $151,000, or $0.01 per basic and diluted share, compared with a net loss of $1.5 million, or $0.12 per basic and diluted share, for the second quarter of 2010.

Cynosure, Inc. develops, manufactures, and markets aesthetic treatment systems to the dermatology, plastic surgery, and general medical markets.

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Cleantech Transit Inc. (CLNO)

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Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

The technology used by Phoenix Energy to turn your waste from industry agriculture and forestry into power has many environmental benefits. Phoenix Energy is deeply committed to their customers both in reducing their costs of operation and in helping them be good corporate citizens, having a positive impact on the environment. By installing wood waste gasification systems, customers help to: Reduce greenhouse gas emissions. Reduce the amount of toxic pollutants in the atmosphere. Save landfill space from taking up more of our landscape and Reduce groundwater Contaminants. Improve energy security and reduce dependence on foreign sources of energy.

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

For more information about Cleantech Transit Inc. visit: www.cleantechtransitinc.com.

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Kona Grill Inc. (Nasdaq:KONA) reported results for its second quarter ended June 30, 2011. Second Quarter 2011 Highlights Include:Restaurant sales increased 13.6% to $25.8 million, Same-store sales increased 9.1%, Restaurant operating profit margin increased 90 basis points to 17.2%, Net income increased 199% to $0.8 million or $0.08 per share & Net income excluding severance charges of $1.0 million or $0.11 per share.

Kona Grill, Inc. owns and operates upscale casual dining restaurants in the United States. The company operates its restaurants under the Kona Grill name.

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