November 10, 2010 / 12:21 PM / in 7 years

UPDATE 1-Canada's Hydrogenics posts narrower Q3 loss

* Q3 loss $0.47/shr vs loss $1.47/shr yr ago

* Q3 rev up 57 pct

Nov 10 (Reuters) - Canadian fuel-cell maker Hydrogenics Corp HYG.TO posted a narrower quarterly loss, helped partly by lower expenses.

For the third quarter, net loss was $2.1 million, or 47 cents a share, compared with a loss of $5.4 million, or $1.47 per share, a year ago.

Revenue rose 57 percent to $5.6 million.

Operating expenses fell 36 percent to $3.9 million.

Hydrogenics, which develops hydrogen generation products for industrial and commercial markets, said order backlog as of Sept. 30 was $19.4 million.

Shares of the Mississauga, Ontario-based company closed at $3.62 on Tuesday on the Toronto Stock exchange. They have lost about 9 percent since the company posted a narrower second-quarter loss in late July. (Reporting by Vaishnavi Bala in Bangalore; Editing by Maju Samuel)

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