30 Mar '12, 4pm

Solar Power, Inc. Announces Record Fourth Quarter and Year 2011 Financial Results: Solar Power, Inc. ("SPI") (OT...

ROSEVILLE, Calif.--Solar Power, Inc. ("SPI") (OTCBB:SOPW), a leading developer of photovoltaic ("PV") solar energy facilities ("SEF"), announced results for a record fourth quarter and year ended December 31, 2011. Fourth Quarter 2011 Results: Total net sales for the fourth quarter of 2011 were $59.0 million, up from $13.1 million for the fourth quarter of 2010 and up from $22.1 million for the third quarter of 2011. Gross profit for the fourth quarter of 2011 was $8.7 million, compared with $2.1 million for the fourth quarter of 2010 and with $1.4 million for the third quarter of 2011. Total operating expenses for fourth quarter 2011 were $3.0 million, or 5.0 percent of total net sales. This compared with total operating expenses of $2.3 million, or 17.6 percent of total net sales, for the fourth quarter of 2010 and with total operating expenses of $2.6 million, or 11.8 p...

Full article: http://www.altenergymag.com/news/2012/03/30/solar-power-i...

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