Spire Slips To Loss In Q2

8/10/2012 12:39 PM ET

Spire Corp. (SPIR: Quote) reported that its second-quarter net loss was $1.8 million, or $0.21 per share, compared to a net income of $0.7 million, or $0.08 per share in the prior year quarter.

Revenues for the quarter were $6.6 million, down 52% from $13.9 million in the comparable quarter last year. This decline is primarily due to a decrease of $7.3 million in individual module equipment units delivered during the second-quarter of fiscal year 2012 as overcapacity in the global market continues to adversely affect the entire PV industry.

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by RTT Staff Writer

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