SPIRE REPORTS 2ND QTR 2005 NET EARNINGS OF $4,698,000.-- Sales from operations increased 73% year to year. -- Income from the sale of licenses was $6,320,000. -- Earnings were $0.69 per basic share. -- Cash is strong at $7.6 million, with no bank debt. Spire Corporation (Nasdaq: SPIR SPIR Symmetric Private Information Retrieval SPIR Spectroscopie Dans le Proche Infrarouge (French: Near Infrared Reflectance Spectroscopy) SPIR Spare Parts List and Interchangeability Record ), Bedford, Mass., has reported operational revenue of $7,347,000 for the three months ended June 30, 2005, an increase of 73% compared to $4,258,000 for the three months ended June 30, 2004. In addition, the company recognized $6,320,000 and $3,000,000 of other income in 2005 and 2004, respectively, on the sale of licenses. Net earnings, including the gain on the sale of licenses in both 2005 and 2004, were $4,698,000 or $0.69 per basic share for the three months ended June 30, 2005, compared with net earnings of $1,279,000 or $0.19 per basic share for the three months ended June 30, 2004. Roger G. Little, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "Highlights for the quarter included significant increases in our solar equipment and solar systems revenues reflecting the sale of two photovoltaic module In the field of photovoltaics, a photovoltaic module is a packaged interconnected assembly of photovoltaic cells, also known as solar cells. An installation of photovoltaic modules or panels is known as a photovoltaic array. assembly lines and the completion of a major solar installation in the Chicago area. Net earnings for 2005 increased $3,419,000 primarily due to the sale of a license relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc our solar technology. Our cash is strong at $7.6 million and we have no bank debt. Our net worth at the close of the quarter was $11,007,000." "Our continued monitoring of operating costs operating costs npl → gastos mpl operacionales resulted in only a slight increase in selling, general and administrative expenses in the second quarter of 2005 as compared to 2004 despite the 73% increase in revenues. Increased legal and sales and marketing costs were partially offset by a decrease in insurance costs. We continue to see increased interest throughout our product lines and are focused on converting this interest into revenue gains and improved profitability," concluded Roger Little. About Spire Corporation Spire Corporation is a diversified technology company providing innovative solar energy solar energy, any form of energy radiated by the sun, including light, radio waves, and X rays, although the term usually refers to the visible light of the sun. manufacturing equipment, biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. devices and optoelectronic components, all based upon a common technology platform. For more information, visit http://www.spirecorp.com or call 781/275-6000. |
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