ZENN Motor Company Inc. reported earnings results for the fourth quarter and year ended September 30, 2012. For the three months ended September 30, 2012, net losses from continuing operations were CAD 350,236 or CAD 0.01 per share. For the corresponding period in the prior year, net losses from continuing operations were CAD 751,558 or CAD 0.02 per share.

For the year ended September 30, 2012, net losses from continuing operations were CAD 1,528,425 or CAD 0.04 per share. For the corresponding period in the prior year, net losses from continuing operations were CAD 4,114,331 or CAD 0.11 per share. Losses related to continued operations for the three months and year ended September 30, 2012, decreased by 53% and 63%, respectively, when compared to the same periods in the prior year. The decrease is primarily due to the reduction in headcount, in connection with the restructuring of the company, which was implemented in May 2011. The cash burn for continuing operations decreased to CAD 1,078,599 in the current fiscal, from CAD 2,969,910 in the prior fiscal.