Inactive Instrument

Spire Corporation

Equities

SPIR

US8485651074

Renewable Energy Equipment & Services

Spire Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

May 15, 2014 at 05:16 pm EDT

Spire Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales and revenues of USD 4.086 million compared to USD 3.238 million a year ago. Loss from operations was USD 2.629 million compared to USD 2.602 million a year ago.

Loss from operations before income tax benefit was USD 2.704 million compared to USD 2.626 million a year ago. Net loss attributable to common stockholders was USD 3.122 million compared to USD 2.628 million a year ago. Basic and diluted loss per share was USD 0.34 compared to USD 0.29 a year ago.

Revenues were increased by 26% primarily due to an increase in equipment research and development and an increase in solar module equipment. Net cash used in operating activities was USD 1.2 million for the three months ended March 31, 2014, as compared to net cash used in operating activities of USD 0.8 million for the three months ended March 31, 2013.

Latest news about Spire Corporation

Spire Corp Announces Board Changes	18-09-20	CI
Spire Corp. Announces Executive and Board Changes	16-08-25	CI
Spire Corporation Announces Board Resignations	16-08-16	CI
Eternal Sun USA, LLC completed the acquisition of substantially all of the assets of Sun Simulator technology line from Spire Corp.	16-01-25	CI
Eternal Sun USA, LLC entered into an asset purchase agreement to acquire substantially all of the assets of Sun Simulator technology line from Spire Corp. for $1.5 million.	16-01-14	CI
Roger G. Little Resigns from the Board of Directors of Spire Corporation	16-01-07	CI
Spire Corporation Announces Small Reduction in Force	15-10-28	CI
Spire Considering Multiple Strategic Alternatives	15-09-21	CI
Spire Corporation Announces Resignation of Michael J. Magliochetti from the Board of Directors	15-09-10	CI
Spire Corp. announced that it has received $0.25 million in funding.	15-06-21	CI
Spire Corporation Announces the Introduction of the SPI-SUN SIMULATOR 5100SLP	15-06-11	CI
Spire Announces Appointment of Antoine de Chassy as its Senior Business Development Executive	15-05-27	CI
Spire Corporation Announces the Shipment of Multiple Solar Simulators to Various Customers in China	15-05-11	CI
Spire Corp. Receives Contract for Turnkey Module Production Line in Vietnam	15-03-02	CI
Spire Unveils Shoebox-Sized Satellite to Make Weather as Predictable to Navigate as Google Maps	15-01-29	CI
Spire Corp. Announces Resignation of Robert S. Lieberman as Chief Financial Officer and Treasurer	15-01-23	CI
Spire Corp. announced that it has received $0.26 million in funding.	14-12-04	CI
Spire Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014	14-11-13	CI
Roger G. Little acquired Non-Core assets of Spire Corp. for $2.4 million.	14-10-28	CI
Spire Corp. Appoints Rodger W. Lafavre to the Board	14-09-11	CI
Spire Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014	14-08-13	CI
Spire Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014	14-05-15	CI
Spire Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013	14-03-31	CI
Spire Corp. Auditor Raises 'Going Concern' Doubt	14-03-31	CI
Spire Corporation Announces Management Changes	13-11-26	CI

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Company Profile

Spire Corporation develops, manufactures and markets capital equipment and services for the solar photovoltaic industry, including turn-key solutions and individual pieces of manufacturing equipment and full turn-key lines for cell and module production and testing. The Company has been active in research and development, with over $100 million of R&D conducted. The Company supplies manufacturing equipment and technology needed to manufacture solar photovoltaic power systems. The Company through N2 Bio provides value-added surface treatments to manufacturers of orthopedic and other medical devices. The Company has equipment deployed in approximately 50 countries and has among its customers some of the world's leading solar manufacturers. The Company's Spi-Sun simulator is used by many testing agencies and laboratories including the National Renewable Energy Laboratory, Sandia National Laboratories, Underwriters Laboratories Inc., TUV and the European Solar Test Installation.

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Renewable Energy Equipment & Services

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Sector Photovoltaic Solar Systems & Equipment

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