Polaris Renewable Energy (TSX:PIF) reported quarterly losses of $(0.47) per share. This is a 323.81 percent decrease over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $20.29 million which missed the analyst consensus estimate of $20.70 million by 2.00 percent. This is a 1.67 percent decrease over sales of $20.63 million the same period last year.