Solar Thin Films, Inc. Reports Annual Financial Results
April 20 2010 - 8:30AM
Marketwired
Solar Thin Films, Inc. (OTCBB: SLTZ) announced strong annual growth
in revenues, as well as a significant decrease in its annual net
loss to a mere $0.01 per share. For the year ended 2009 revenues
increased to $8,720,938, up from $3,436,779 in the prior year. Net
loss decreased to $0.01 per share compared with a loss of $0.73 per
share in the fiscal year ended 2008. For the year ended 2009, the
annual net loss decreased to $202,860 from $8,474,010 in the prior
year.
The company filed its Form 10-K with the Securities Exchange
Commission on April 15, 2010. The Form 10-K details the company's
complete, audited financial statements for the fiscal year ending
Dec. 31, 2009.
About Solar Thin Films, Inc.
Solar Thin Films (www.solarthinfilms.com) develops, manufactures
and markets a complete line of manufacturing equipment for the
production of "thin-film" amorphous silicon photovoltaic ("PV")
modules through its subsidiary Kraft Elecktronikai Zrt. based in
Budapest, Hungary. The Company sells both "turnkey systems" and
sub-systems to customers currently located in China, Spain and the
United States and has produced equipment for installations in the
US, Germany, Portugal, Taiwan, Greece and Spain. The Company
believes that its line of thin-film photovoltaic manufacturing
equipment positions it to take advantage of the rapidly growing
demand for solar modules and an expected market shift towards
"thin-film" PV modules as part of a cost effective, "clean
technology" energy solution.
Forward-Looking Safe Harbor Statement
Statements in this news release regarding future financial and
operating results, potential applications of the Company's
technology, opportunities for the Company, and any other statements
about the future expectations, beliefs, goals, plans, or prospects
expressed constitute forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Any
statements that are not statements of historical fact (including
statements containing the words "will," "believes," "plans,"
"anticipates," "expects," "estimates," and similar expressions)
should also be considered to be forward-looking statements. There
are a number of important factors that could cause actual results
or events to differ materially from those indicated by such
forward-looking statements including: limited operating history,
need for future capital, and economic conditions generally.
Additional information on potential factors that could affect
results and other risks and uncertainties are detailed from time to
time in the Company's periodic reports, including Forms 10-K, 10-Q,
8-K, and other forms filed with the Securities and Exchange
Commission ("SEC"). These statements, and other forward-looking
statements, are not guarantees of future performance and involve
risks and uncertainties.
Solar Thin Films (CE) (USOTC:SLTZ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Solar Thin Films (CE) (USOTC:SLTZ)
Historical Stock Chart
From Jul 2023 to Jul 2024