SPIR Spire Corporation featured news, full reports, and detailed charts
Spire Corporation (SPIR) Wrap Up:
Spire Corporation ("Spire" or the "Company") is a Massachusetts corporation incorporated in 1969. Our principal offices are located at One Patriots Park, Bedford, Massachusetts, and our phone number is (781) 275-6000. Our SEC filings are available through our website, www.spirecorp.com. Our common stock trades on the Nasdaq Global Market under the symbol "SPIR". PRINCIPAL PRODUCTS AND SERVICES Overview -------- We principally develop, manufacture and market customized turnkey solutions for the solar industry, including manufacturing equipment and full turnkey lines for cell and module production and testing. We also offer through our subsidiary Spire Semiconductor concentrator cell and light-emitting diode ("LED") fabrication services and through our joint venture Gloria Spire Solar photovoltaic ("PV") system integration services. We also operate a line of business associated with advanced biomedical applications. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f31%2f0001072613-08-000843.html#FIS_BUSINESS"Spire Corp. (SPIR:NASDAQ)
Snapshot of Spire Corp. (SPIR)
|
OPEN
$4.43
|
PREVIOUS CLOSE
$4.57
|
|
|
DAY HIGH
$4.44
|
DAY LOW
$4.29
|
|
|
52 WEEK HIGH
05/6/09 - $9.00
|
52 WEEK LOW
11/26/08 - $2.94
|
|
|
MARKET CAP
35.8M
|
AVERAGE VOLUME 3 mo
19.3K
|
|
|
DILUTED EPS TTM
$-0.52
|
SHARES OUTSTANDING
8.3M
|
|
|
SPIR Does Not Pay Dividends
|
P/E TTM
NM
|
|
| K = Thousands M = Millions B = Billions | ||
SPIR Top Compensated Officers
Executives, Board Directors
Key developments for Spire Corp. (SPIR)
Spire Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended Sept. 30, 2009. For the quarter, the company reported revenues from continuing operations of $16.5 million, as compared to $16.6 million for the same quarter of 2008. Loss from operations was $1.99 million compared to income from operations of $600,000 for the same period a year ago. Net loss was $3.5 million, or $(0.42) per share, compared with net income of $445,000, or $0.05 per share, for the third-quarter of 2008. These losses include losses of $1.2 million and $77,000, or $(0.15) and $(0.01) per share, for the third-quarter periods of 2009 and 2008, respectively, from the Company's medical products business unit which has been classified as discontinued operations. For the nine months, revenues from continuing operations were $50.1 million, a 9% increase from $46.2 million for the same nine month period in 2008. Loss from operations was $6.6 million compared to income from operations of $969,000 for the same period a year ago. Net loss was $9.6 million, or $(1.15) per share, compared with a net loss of $347,000, or $(0.04) per share, for the same period in 2008. These results include losses of $1.6 million and $358 000, or $(0.20) and $(0.04) per share, for the nine month periods ended September 30, 2009 and 2008, respectively, from the company's medical products business unit which has been classified as discontinued operations. Net cash provided by operating activities of continuing operations was $429,000 compared to net cash provided by operating activities of $2.9 million for the same period in 2008.
Spire Corp. announced it has entered an agreement with Federal Prison Industries Inc. (UNICOR) to expand their current 25 megawatt (MW) module manufacturing capacity by the addition of a 50MW module manufacturing line to be located in Sheridan, Oregon. By expanding to a 75MW capacity, nearly 500 jobs have been created by Spire, which ultimately provides approximately 300 inmates with marketable job skills. This collaboration strengthens Spire's presence in the federal market and provides UNICOR with the engineering support needed to provide quality systems to their customer base.
Spire Corp. announced that it entered into two contracts to supply Uni-CHEM Co. Ltd. of Seoul, South Korea, via its United States entity, Uni-CHEM Solar, a 60 megawatt (MW) per year turnkey Cell Line and a 50MW per year turnkey Module Line, as well as the associated utilities and infrastructure support. Uni-CHEM has indicated its intent to lease space from Spire at its Hudson, New Hampshire's Spire Semiconductor facility to house the automated 60MW Cell Line and 50MW Module Line. Terms of the sub-lease are not yet fully defined and currently under negotiation. The Uni-CHEM integrated Cell and Module Lines are planned to become operational in the second half of 2010. Additionally, Uni-CHEM has agreed it will form a US entity, which will purchase 51% of Spire Solar Systems, Spire Corporation's system integration business, subject to definitive documentation. Such definitive agreements have not yet been finalized.
SPIR Competitors
| Company | Last | Change |
| Boston Scientific Corp | $8.09 USD | -0.12 |
| CR Bard Inc | $80.72 USD | -1.17 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SPIR | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.5x |
|
| Price/Book | 4.4x |
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.4x |
|
|
SPIR |
||
SPIR transactions
| Type Date |
Target |
|
Merger/Acquisition
August 25, 2009 |
Spire Solar Inc. |
More Recent News About Spire Corporation
More news for SPIR
Spire to Expand UNICOR Solar Module Manufacturing to 75 Megawatts
BEDFORD, Mass.--(BUSINESS WIRE)--Spire Corporation (Nasdaq: SPIR - News), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules and systems worldwide, today announced it has entered an agreement with UNICOR – Federal Prison Industries, Inc. (UNICOR) to expand their current 25 megawatt (MW) module manufacturing capacity by the addition of a 50MW module manufacturing line to be located in Sheridan, Oregon. UNICOR is a wholly-owned government corporation that is authorized to operate industries, such as solar PV factories, in federal correctional institutions throughout the United States. Spire’s module manufacturing allows inmates to gain substantial “green-collar†knowledge that is highly desired by employers. By expanding to a 75MW capacity, nearly 500 jobs have been created by Spire, which ultimately provides approximately 300 inmates with marketable job skills.Spire and UNICOR have a strong relationship. Not only does Spire supply UNICOR with solar cel...Click here to read the whole Article (external link)
SPIRE CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS THIS MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS SECTION AND OTHER PARTS OF THIS REPORT CONTAIN FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE "EXCHANGE ACT"), WHICH STATEMENTS INVOLVE RISKS AND UNCERTAINTIES. THESE STATEMENTS RELATE TO OUR FUTURE PLANS, OBJECTIVES, EXPECTATIONS AND INTENTIONS. THESE STATEMENTS MAY BE IDENTIFIED BY THE USE OF WORDS SUCH AS "MAY", "COULD", "WOULD", "SHOULD", "WILL", "EXPECTS", "ANTICIPATES", "INTENDS", "PLANS", "BELIEVES", "ESTIMATES", AND SIMILAR EXPRESSIONS. OUR ACTUAL RESULTS AND THE TIMING OF CERTAIN EVENTS MAY DIFFER SIGNIFICANTLY FROM THE RESULTS AND TIMING DESCRIBED IN THE FORWARD-LOOKING STATEMENTS. FACTORS THAT COULD CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO, THOSE FACTORS DISCUSSED OR REFERRED TO IN THE ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2008 AND IN SUBSEQUENT PERIOD REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, INCLUDING THIS REPORT. THE FOLLOWING DISCUSSION AND ANALYSIS OF OUR FINANCIAL CONDITION AND RESULTS OF OPERATIONS SHOULD BE READ IN LIGHT OF THOSE FACTORS AND IN CONJUNCTION WITH OUR ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS, INCLUDING THE NOTES THERETO. OVERVIEW We have been in the solar business for over 30 years, initially pioneering developments in solar cell technology. Currently, we develop, manufacture, and market customized turnkey solutions for the solar industry, including individual pieces of manufacturing equipment and full turnkey lines for cell and module production and testing. We have been continually active in resear...Click here to read the whole Article (external link)
SPIRE CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. As previously announced in a Form 8-K filed on September 9, 2009 (the "September 9 Form 8-K"), on September 4, 2009, Spire Corporation (the "Company"), Spire Biomedical, Inc., a wholly owned subsidiary of the Company ("Seller," and together with the Company, "Spire"), and Bard Access Systems, Inc. ("Bard"), entered into an Asset Purchase Agreement (the "Purchase Agreement") pursuant to which Bard has agreed to (i) acquire substantially all of the assets of Spire's hemodialysis catheter business and (ii) assume and pay post-closing liabilities related to the purchased assets as set forth in the Purchase Agreement (collectively, the "Transaction"). As disclosed in the September 9 Form 8-K, under the original terms of the Purchase Agreement, such agreement could have been terminated by either Spire or Bard if the closing had not occurred by September 30, 2009. On September 25, 2009, Spire and Bard entered into a letter agreement extending such outside closing date from September 30, 2009 to October 31, 2009. On October 30, 2009, Spire and Bard entered into a letter agreement extending such outside closing date from October 31, 2009 to November 30, 2009. A more complete description of the terms of the Purchase Agreement and the Transaction may be found in the September 9 Form 8-K, which is incorporated herein by reference. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This Current Report on Form 8-K may contain forward-looking statements within the meaning of the federal securities laws. These statements reflect the Company's current views with respect to future events and are based on its management's current assumptions and information currently available. Actual results may differ materially due to numerous factors including, without limitation, the ability of the Spire and Bard to satisfy the conditions to the proposed transaction; ris...Click here to read the whole Article (external link)
Spire Corporation Celebrates 40 Years of Innovation
BEDFORD, Mass.--(BUSINESS WIRE)--Spire Corporation (Nasdaq: SPIR - Newsth birthday. Spire Corporation has been a pioneer in development, promotion, and commercialization of PV for solar energy. Spire can be credited with introducing the concept of distributed module manufacturing, which has been critical for the expansion of solar energy worldwide.Mr. Roger G. Little, the Chairman and CEO, founded Spire Corporation in 1969, making it one of the first PV companies in the world. Today, Spire is a leading provider of photovoltaic module manufacturing equipment and turnkey production lines with over 200 customers in nearly fifty countries.“I can still remember sketching the idea for Spire on a dinner napkin long before solar energy became a major global industry. It pleases me to think how far it has come,†said Mr. Little.“I have always been proud of Spire employees and appreciate their contributions to making Spire what it is today,†continued Mr. Little. “We are a family, and I want to thank everyone for he...Click here to read the whole Article (external link)
Spire Corporation Reports Third-Quarter 2009 Results
Spire Corporation and Subsidiaries  Unaudited Condensed Consolidated Statements of Operations (in thousands, except share and per share amounts)     Three Months EndedSeptember 30,  Nine Months EndedSeptember 30, 2009 2008 2009 2008 Net sales and revenues $ 16,564  $ 16,553  $ 50,124  ...Click here to read the whole Article (external link)