Energy Mad sees annual sales at lower end of guidance, gets $1M SuperLife injection

Tue, 18 Dec 2012

By Paul McBeth Dec 19 (BusinessDesk) - Energy Mad, which raised $5 million in an initial public offering last year to kick start sales of its energy-efficient light bulbs, said annual earnings will be at the lower end of guidance after delays slowed sales in Australia and the US. It got a $1 million injection from SuperLife Investments. Last month the Christchurch-based company cut its 2013 annual forecast sales to between $13 million and $20 million for a profit of between $100,000 and $2 million and it now expects that to come in at the lo...

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