Energy Mad posts higher $2.5m loss after bulb delays crimp sales

Energy Mad, which has twice downgraded its 2013 earnings expectations, today posted a wider-than-expected loss of $2.5 million after design, manufacturing and production problems crimped sales. Energy Mad, which listed in late 2011, had forecast a $4 million profit for the year ended March 31 in its prospectus. It subsequently lowered its forecast twice, most recently in February when it ...