Spire Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
For the six months, the company net sales and revenues of $7,931,000 against $6,812,000 a year ago. Loss from operations was $3,632,000 against $4,370,000 a year ago. Loss from operations before income tax provision was $3,779,000 against $4,408,000 a year ago. Net loss attributable to common stockholders was $4,559,000 or $0.50 per basic and diluted share against $4,410,000 or $0.48 per basic and diluted share a year ago. Net cash used in operating activities was $1.9 million for the six months ended June 30, 2014, compared to net cash used in operating activities of $1.9 million for the six months ended June 30, 2013 which includes $0.2 million of cash used in operating activities of discontinued operations.