New Transcripts published every two weeks and new analysis added every business day. Register for a free account to gain access to longer previews of the 100+ timely interviews published each month, unlimited access to full-length archived interviews, and free special reports. Or call Customer Service (212) 952-7400 or send us a message. Interview with the President and COO: Natural Resource Partners L.P. Interview with the Chairman, President and CEO: Principal Financial Group, Inc. Investing in U.S. George J. BEDFORD, Mass.--(BUSINESS WIRE)--Mar. 31, 2014-- Spire Corporation ("Spire" or the "Company") (OTCQB: SPIR), a global solar company providing capital equipment and turn-key manufacturing lines to produce photovoltaic ("PV") modules and optoelectronics thin film services, announced today revenues from continuing operations for the year ended December 31, 2013 of $14.6 million, a 34% decrease from $22.1 million in 2012. Net loss for the year ended December 31, 2013 was $8.5 million, or $0.92 per diluted share, compared to a net loss of $1.9 million, or $0.22 per diluted share, for the same period of 2012. These results include the completion of a transaction previously reported in which substantially all of the assets and assumption of certain liabilities related to Spire's biomedical business were acquired by N2 Biomedical, LLC. As this transaction is being identified as giving rise to a variable interest entity and Spire is determined to be the primary beneficiary, the assets, liabilities and results of operations of N2 Biomedical, LLC are consolidated into the Company's financial statements. In addition, the transaction gave rise to a deemed dividend in the amount of $9.5 million which is not reported as a gain for financial reporting purposes and is eliminated in consolidation. Fiscal 2012, net operating results reflect a gain on the sale of its semiconductor business unit of $3.5 million, net of a tax provision of $1.9 million or $0.34 per diluted share. Spire's revenues from continuing operations for the fourth-quarter ended December 31, 2013 were $3.6 million, a decrease of 5% from $3.8 million in the fourth-quarter of 2012. The decrease was primarily due to sales mix within the solar manufacturing business segment. Net loss for the quarter was $1.9 million, or $0.22 per diluted share, compared to net loss of $1.1 million, or $0.13 per diluted share, for the fourth-quarter of 2012. Spire recorded a net loss from continuing operations of $1.9 million in the fourth-quarter of 2013, compared to a net loss from continuing operations of $1.3 million in the fourth-quarter of 2012. Gross margin from continuing operations for fiscal year 2013 was $2.5 million, or 17% of revenue, compared to $5.3 million, or 24% of revenue for fiscal year 2012, primarily due to the decline in sales, lower indirect costs offset by the amount of overhead absorbed due to the reduction in sales volume. Net cash used in operating activities of continuing operations was $5.2 million for the year ended 2013, as compared to net cash used in operating activities of continuing operations of $6.1 million for the same period last year. At year-end 2013, Spire had unrestricted cash and cash equivalents of $4.0 million, as compared to $3.0 million at December 31, 2012. Rodger W. LaFavre, President and CEO, stated, "While we are seeing improved PV market conditions, they were too late to translate into improved PV equipment sales for the fourth quarter of 2013. Mr. LaFavre, continued, "Current industry forecasts would indicate that strong demand will stimulate revenues for the industry's manufacturers. We are already seeing increased equipment and turn-key line activities. Our focus on a sustained cost reduction program has resulted in measurable savings in operating expenses and is expected to continue through 2014. We are optimistic that the improving module manufacturing equipment business, combined with our cost reduction efforts will allow Spire to improve its operating performance in 2014. Spire Corporation is a global solar company providing technology, equipment and turn-key production lines to manufacture photovoltaic modules and providing optoelectronics thin film services. For further details on the Company and its products, please visit www.spirecorp.com. From continuing operations after income taxes $ (0.22 ) $ (0.15 ) $ (0.92 ) $ (0. From discontinued operations, net of tax -- 0.02 -- 0. Basic and diluted loss per share $ (0.22 ) $ (0.13 ) $ (0.92 ) $ (0. Certain matters described in this press release including those relating to Spire's prospects for growth constitute forward-looking statements under the federal securities laws.The discussion of forward-looking information requires management of the Company to make certain estimates and assumptions regarding the Company's strategic duration and the effect of such plans on the Company's financial results. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company's Form 10-K and other periodic reports filed with the Securities and Exchange Commission. Forward-looking statements contained in the press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The Company undertakes no obligation and expressly disclaims any duty to update such statements. Robert S. This noodl was issued by Spire Corporation and was initially posted at www.spirecorp.com. It was distributed, unedited and unaltered, by noodls on 2014-03-31 23:48:55 CET. The issuer is solely responsible for the accuracy of the information contained therein. Dr Pepper Snapple Group Inc. (DPS) Has Strong Franchise to Support 3. AT&T Inc. (NYSE:T) Has 5. Zimmer Holdings, Inc. Plains All American Pipeline, L.P. The Wall Street Transcript is a completely unique resource for investors and business researchers. Investing in U.S. George J. Topics Covered: Increasing Demand for Midstream Assets - U.S. Interview with the President and COO: Natural Resource Partners L.P. Interview with the Chairman, President and CEO: Principal Financial Group, Inc. Investing in U.S. George J. Keefe, Bruyette & Woods, Inc. Madre follandose a sus ijos Printable raffle prize list Amber hearrellmber hearrell Church social flyers New gfrevenge video How to get shadow lugia hack Sly cooper mugen sprites 2012 step by step medical coding chapter review answers Redactar carta de recomendacion Lesson plans the empty pot Cancer man gemini woman linda goodman Labia minora videos Sweet melissa wheat What is the drug ultram Peter heals the crippled beggar craft Names of haircut fades Weight loss tracking spreadsheet template download York fitness factory store Minecraft 360 seeds survival island Iphone easter eggs list Animal spirts Printable blank birth certificates Lg optimus v usb tethering Monster mini fridges Atorvastatin prescription online What is prednisolone used for in dogs African american salon and barber posters Pictures of lesco spreaders Dallas cowboy ffl names Images de mamas cojiendo con sus hijos T80th birthday wishes quotes Free unused yo ville cards How to write a letter of recommendation for nurse applying for grad school Stna resume objective examples Recommendation letter for family friend Moist guava cake recipes Myspace layout rain Microsoft point generator online Laugh now cry later tattoo female Stinger bug zapper troubelshooting Visio generic rack server stencel Alprazolam overnight shipping Mcgraw hill financial accounting answer key Nicollet ave minneapolis Percocet under the tongue How to jailbreak iphone 2.0 Parents letter to eagle scout Long term effects of ecstasy use Farm lessons 1armless Funny icebreaker questions people bingo From bleeding coumadin Campaign slogans for a student council vice president Birthday quotes for 1 year old Key proscar west Philosophy of rajneesh Generic job application pdf california Meez coin hack 2011 no download no virus Action replay cheats for harvest moon sunshine island Videos of mn with low hanging balls Make line symbols on facebook German tattoos Hongkong kim keluar malam ini Concealed carry ppt Poster ideas for student council treasurer Buy oxycodone online reviews Celebs using adderall for weight loss Living in stratford london Omeprazole and natural cure What do you say to your pastor for his birthday Michael rubish auburn Vocabulary workshop test answers level g Character map tkam Fermentation of alcohols Tramadol vs oxycodone Action replay code to catch shadow lugia Cross country t shirts for sale Auto dropper for runescape Has anyone tried unfaced Counterfeit oxycodone for sale online Nims 800 answer Free video of a brazillian waxing Lvl 85 spell haste cap Asymmetrical ambigram tattoo Landscaping resume sample little experience Harvestore silo for sale Cheat game grand theft auto san andreas versi bahasa indonesia ps 2 Algebra 2 solve my math Adderall srbija prodaja Quickbooks and google sync Movement of dollar Law and order 11 torrent Dirty text chat examples Fun mover 27c for sale Fake credit card number and cvv2 that work Dwarf paladin names Sample resume for general labour factory positionample resume for Princess albertina piercing pictures Dui explanation letter sample Quote on being shady Ortho tricycline side effects Reducing cocaines effects Board member invite Electrocardiography for healthcare professionals answer key Sump pump detail cad Phentermine shipped to uk Humorous wedding invitation messages Diy 18th birthday gift ideas for daughter Food drive poster template Early transcendental functions 5th solutions manual download Letras en japones Alcohol research and public health policy Frankfurt flughafen livecam Letter for change in job assignment Best in masterbaters Invader zim user layouts for neopets Hair perm videos Apartment two month notice example Madness military mod Mama caliente con su hijo What women do for cash Church choir poems Where do i find the clip board on the samsung galaxy proclaim How much is a seymour mann doll Christmas candybar images Capricorn men like bed - aries man temperament Cool tessellation designs Online instructions origami dollar flower Magic jack images Josh duty and quibids Tfunny team names relating to pharmacy Free norton from comcast 2012 Free wow time Cheat codes for the impossible quiz app Cookie monster knitting pattern Enlisted promotion points Where are h&m printeable job application Managerial accounting garrison 13 edition solution manual John c . holmes autopsy Avatar the last porn game Football games new study hall Commemorative speech dad Little girls in underwear models Dog and woman stuck video Asthma agent orange Mother teaches son to mastrubate Good restaurant weight watchers salad Preschool teacher resignation letters Nicotine urine test niacin Hack facebook password free mac software Bitchy quotes in spanish Learn observation skills Netflix.com activate code sanyo Christy canyon smoking Dog knot girl sample Paperlesspay.talx.com goodyear Loan agreement uk free template Definition of eei lesson plan History alive online textbookistory alive onlin Bible stories for the smartboard Salt n pepa bob hairstyle Ultrasound technician resume template Dirty emo samples Take avodart with cipro Cute senior night t shirt ideas Crime scene powerpoint template Free pandora registration key Funny graduation slogans Medical device sales cover letter Mastercard priceless quotesasterpriceless quotesc Bolens 1250 large frame attachments White guy with fade haircut Kroger brand infant formula Sales call sheets template Memek perawan ngentot Barrel handbag patterns How to get free xbox live K9 knot movies Super smash flash 2 demo v0.8 Drawing conclusions worksheets 3rd grade Example communication log for special education Japanese junior idols u-15 Picture cell theme park brochure Ttutorial on making a dry erase board Fake credit card for age verification Girl phone signatures Interesting facts about horses in spain Tthe adderall diaries wikihe adderall diaries w Roblox card code generator no online no surveys no 4shared no download Angel blade script Pregnancy announcement ideas for work Money lei butterfly Behavior effects from ecstasy Announcement of employee leaving Family reunion banquet Xbox live free trial codes september 2012 Clip art of heart failure Catchy campaign slogans for 7th grade president Easy blueprints for co2 cars Cell phone voicemail greeting examples 400 dollar rims
留言列表
