Hoku Scientific, Inc. (HOKU) reported second quarter GAAP net loss attributable to company of $1.23 million, or $0.06 per diluted share, versus net loss of $1.37 million, or $0.07 per diluted share in the same period in fiscal 2009.
Non-GAAP net loss net loss attributable to company, which excludes the effect of stock-based compensation, for the quarter ended September 30, 2009, was $959 thousand or $0.05 per diluted share, versus loss of $1.1 million, or $0.05 per diluted share in the year-ago comparable quarter.
On average, analysts polled by Thomson Reuters estimated the company to report loss of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter was $1.5 million, down from last year quarter's $1.9 million, while analysts estimated $400 thousand.
In addition, Hoku Scientific said it would need to identify about $71 million in additional funding to complete construction and reach its planned full production capacity of 4,000 MT/year at polysilicon manufacturing plant in Pocatello, Idaho.
However, the company said it plans to delay any such subsequent financing until it had made initial shipments to its current customers in the first quarter of calendar 2010. The company expects full, planned capacity of 4,000 metric tons per year at the facilty to occur in the second half of calendar year 2010.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.