STR Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net sales of $6.6 million against $9.5 million a year ago. Operating loss was $5.2 million against $4.0 million a year ago. Loss from continuing operations before income tax benefit was $6.2 million against $3.8 million a year ago. Net loss from continuing operations was $5.8 million or $0.32 per basic and diluted share against $3.2 million or $0.37 per basic and diluted share a year ago. Net loss was $1.7 million or $0.10 per basic and diluted share against $3.9 million or $0.44 per basic and diluted share a year ago. Total net cash used in operating activities was $0.8 million against $5.2 million a year ago. Capital investments were $77,000 against $0.9 million a year ago. Non-GAAP net loss from continuing operations was $4.2 million or $0.23 per basic and diluted share against $3.0 million or $0.34 per basic and diluted share a year ago. Total diluted non-GAAP net loss per share was $0.23 against $0.42 a year ago. Adjusted EBITDA was $3.2 million against $2.9 million a year ago.

For the nine months, the company reported net sales of $22 million against $30.1 million a year ago. Operating loss was $11.3 million against $11.8 million a year ago. Loss from continuing operations before income tax benefit was $12 million against $9.3 million a year ago. Net loss from continuing operations was $11.7 million or $0.65 per basic and diluted share against $9.5 million or $0.84 per basic and diluted share a year ago. Net loss was $7.6 million or $0.42 per basic and diluted share against $10.2 million or $0.90 per basic and diluted share a year ago. Total net cash used in operating activities was $4.5 million against $10.3 million a year ago. Capital investments were $2.4 million against $2.7 million a year ago. Non-GAAP net loss from continuing operations was $9.8 million or $0.54 per basic and diluted share against $10 million or $0.89 per basic and diluted share a year ago. Total diluted non-GAAP net loss per share was $0.54 against $0.95 a year ago. Adjusted EBITDA was $7.6 million against $9.8 million a year ago.