ADA-ES, Inc. (NASDAQ:ADES) announced financial results for the second quarter ended June 30, 2011. Total revenues increased to $7.0 million from $1.9 million in the second quarter of 2010, primarily due to recognition of Refined Coal ("RC") revenues. Gross margin was $5.2 million, or 74% of revenues, up from $8,000, or less than 1% of revenues in the second quarter of 2010, due to higher margins and revenues associated with Refined Coal. Operating loss narrowed to $2.3 million from an operating loss of $6.7 million in the second quarter of 2010. Net loss of $2.3 million, or $0.30 per diluted share, included $1.5 million of non-routine legal expenses related to the Norit litigation and a non-cash loss of $1.8 million from ADA's equity interest in ADA Carbon Solutions, LLC ("ADA-CS"). Cash and cash equivalents increased by $31 million from March 31, 2011.
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