Juhl Energy, Inc. announced financial results for the twelve months ended December 31, 2013. Total revenue increased by approximately $6,970,000, or 85.7%, from approximately $8,131,000 for the year ended December 31, 2012, to approximately $15,101,000, for the year ended December 31, 2013. The increase in revenue is primarily attributable to the increased revenues from the effects of the acquisition of Power Engineers Collaborative in 2012 along with the expansion of maintenance services into the cellular tower industry and the revenue associated with the development and construction of the 3.4 MgW wind energy facility in Russells Point, Ohio.

The start-up of cellular tower maintenance services division in 2013 is expected to grow revenues in excess of $4 million annually, but acknowledge that 2013 net loss significantly impacted operating results through initial start-up costs and inefficiencies related to launching this new service capability. Operating loss increased by approximately $1,341,000, from an operating loss of approximately $1,541,000 for the year ended December 31, 2012 to an operating loss of approximately $2,882,000 for the year ended December 31, 2013. The increase in operating loss is primarily attributable to the start-up expenses and challenging startup operating margins in establishing the tower services capability of Juhl Tower Services - a division of Juhl Energy Services subsidiary-together with unusual charges related to inventory adjustments, non-cash acquisition-related amortization charges and stock issuance costs, offset by the positive impact of development fee and construction income in the fourth quarter.

The total of unusual charges included in operating loss approximated $750,000, and in additional non-cash depreciation charges were approximately $1,275,000. Net loss increased by approximately $100,000, from a net loss of approximately $2,946,000 for the year ended December 31, 2012 to a net loss of approximately $3,046,000 for the year ended December 31, 2013. The increase is primarily attributable to the start-up, operating loss incurred in the Juhl Tower Services division as noted above, combined with the inventory adjustment and write-off of issuance fees, offset by a full year of margin associated with engineering consulting business and the margins obtained from the development and construction of the Honda Transmission wind farm project in Ohio.

Basic and diluted net loss per share of $0.17 per common share for 2013 compares to the $0.16 net loss per common share for 2012.