Solar Power, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012; Provides Sales Guidance for the Year 2012
May 14, 2012 at 09:00 am EDT
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Solar Power, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, total net sales was $25,217,000, operating loss was $351,000, loss before income taxes was $504,000 and net loss was $327,000 or $0.00 per basic and diluted share against total net sales of $5,750,000, operating loss of $1,555,000, loss before income taxes of $1,936,000 and net loss of $1,943,000 or $0.02 per basic and diluted share for the same period a year ago.
The company continues to expect that 2012 net sales will approximately double 2011 levels.
SPI Energy Co., Ltd. is a renewable energy company and provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors. The Companyâs segments include Renewable energy solutions and PV stations constructions and operations. The Company develops solar PV projects which are either sold to third party operators or owned and operated by the Company for selling electricity to the grid in multiple countries in Asia, North America and Europe. In Australia, the Company primarily sells solar PV components to retail customers and solar project developers. It is also engaged in roofing and solar energy systems installation and assembling solar modules. The Companyâs subsidiaries include SolarJuice Co., Ltd, Solar Juice Pty Ltd., Solarjuice American Inc., Sloar4america Technology Inc., Italsolar S.r.l., SPI Solar Japan G.K., Solar Power Inc UK Service Limited, SPI Solar Inc., Heliostixio S.A., Heliohrisi S.A., and others.
Solar Power, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012; Provides Sales Guidance for the Year 2012
SPI ENERGY CO., LTD. 
