Atlantic Power & Infrastructure Corp. (AWSL)

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Management at Atlantic is very pleased with the three months covered by the attached financial statements. The company continues to trend towards increased profitability.

Assets increased to over $3.7 million in Q3 versus $1.5 million for the full year of 2012. Liabilities, of course, increased also as both receivables and payables moved along the curve of construction.

The year on year increase in revenue is over $1 million for the third quarter of 2013 versus 2012 with the margin up to 554,000 from 431,000 or +28%.

And expenses continue to remain manageable.

These sales are in regards to the middle phase of less than half of of the Ontario F-I-T 1.0 (2.7 MW) projects. The balance of these projects are expected to begin in Q1 of 2014. Atlantic’s projects in Ecuador have yet to be included.

Stock dilution in Q3 was 0%, which is to say that no new shares were issued, as has been policy for the past few years.

Management very much looks forward to the remaining months of 2013 and the annual report to follow.