SOLAR ENERTECH CORP (OTC:SOEN)
Research
Wednesday, December 28, 2011 | Web News
> The decrease in revenue resulted from a decrease in solar module shipments from 34.9 MW in fiscal...
Tuesday, August 30, 2011 | Web News
From August 15 2011: MOUNTAIN VIEW, Calif., Aug. 15, 2011 /PRNewswire-Asia-FirstCall/ -- Solar EnerTech Corp. (...
Tuesday, August 30, 2011 | Web News
The Company has not received the approval from Shanghai Government as of the date of the Company's Quarterly Report (Form 10-Q) was filed with the Securities...
See All Research...

 

Solar EnerTech Corp.

Consolidated Statements of Operations

(Unaudited)

 

    Quarter Ended December 31,  
    2011     2010  
                 
Sales   $ 2,107,000     $ 15,507,000  
Cost of sales     (3,091,000 )     (14,391,000 )
  Gross profit (loss)     (984,000 )     1,116,000  
                 
Operating expenses:                
Selling, general and administrative     1,017,000       2,351,000  
Research and development     26,000       69,000  
Gain on debt extinguishment     —       (32,000 )
Reversal of payroll related tax accrual     —       (5,817,000 )
  Total operating expenses     1,043,000       (3,429,000 )
                 
  Operating income (loss)     (2,027,000 )     4,545,000  
                 
Other income (expense):                
Interest income     1,000       3,000  
Interest expense     (59,000 )     (71,000 )
Gain on change in fair market value of compound embedded derivative     —       202,000  
Gain on change in fair market value of warrant liability     —       466,000  
Other expense     (107,000 )     (158,000 )
  Net income (loss)   $ (2,192,000 )   $ 4,987,000  
                 
                 
Net income (loss) per share - basic     (0.01 )   $ 0.03  
Net income (loss) per share - diluted   $ (0.01 )   $ 0.03  
                 
Weighted average shares outstanding - basic     173,838,226       160,416,534  
Weighted average shares outstanding - diluted     173,838,226       171,351,607  

 

 

Web site: http://www.solarenertech.com/

Last updated February 14, 2012


Market Data powered by QuoteMedia. Terms of Use