Solar Enertech DL
War ja fast eine Punktlandung gestern, bis 1,19€ wurde sie hoch gezogen.
Und das Volumen in den USA....wunderbar, Mittwoch 1,7 mill. u. Do 2,6 Million
weiter so
Schönes We
Leute, wollt ihr Geld verdienen .. oder euch immer und ewig nur mit ein paar Euros zufrieden geben?
Solar ist in China, USA etc noch nichtmals in den Kinderschuhen .... wer jetzt schon in Hektik verfällt, könnte sich in 2-3 Jahren in den A..... beißen.
.... alles nur meine Meinung.
Die aktuelle MK liegt bei 130 Millionen Dollar meines wissens oder höher also muß man Vergleiche anstellen.
Ich nehme da mal Aktien wie HOKU oder AKNS oder ASTI und da erscheint mir Solar Enertech wirklich billig.Denn die MKs der aufgezählten Firmen liegen schon bei mindestens 230 Millionen Dollar und haben nicht mehr Umsatz als SOEN.
Was aber wenn ich mit Solar Power anschaue?
Die MK liegt auch bei 130 Millionen Dollar wie bei SOEN.
ABER die Zahlen für 2007 und vor allem die für 2008 werden deutlich besser ausfallen meines wissens nach.
Also billig ist immer vieles.Es kommt drauf an womit man vergleicht.
Aber SOEN wird seinen Weg machen und in diesen Boomzeiten bei Solar wird der Kurs in den kommenden Monetan auch noch weiter anziehen denke ich.
Viel Glück allen.
Ich habe an Solar Enertech ein paar fragen gestelt.Ich bin erst am wochenende wider da. Die Antworten gebe ich noch weiter.
MENLO PARK, CA -- (MARKET WIRE) -- March 13, 2007 -- Solar EnerTech Corp. (OTCBB: SOEN) (the "Company") is pleased to announce that it has signed an interim sales aI am still a very big optimist about the future of Soler Enertech.In the last few days I read through the Balance Sheet.All in all,the company standes on a solid foundation.
1)Last year the company mentioned the following?? augen verdrehen
Nr.1 vom 31.01.2007:
Solar EnerTech Corp. (OTCBB: SOEN) (the Company) is pleased to announce it has signed a sales contract of solar modules with Fan Qie Trading Ltd. of Shanghai. The contract, for a variety of solar products, is slated for delivery over seven shipments throughout the year, and is worth a total of U.S. $9.2 million.
Nr.2 vom 13.03.2007:greement worth a total of $8 million with Shanghai Very Sun Technologies Co., Ltd. ("Very Sun") for the sale of 2Mw of solar cells and modules to be delivered throughout calendar year 2007.
AFRIKA: 9,2 Mio. USD Fan Quie Trading vom 31.01.2007
- AFRIKA: 8,0 Mio. USD Very Sun vom 13.03.2007
- INDIEN: 7,5 Mio. USD Khandewal vom 26.03.2007
Furthermore their was a 7,5 Mio. USD press release for a turnover in india (Khandewal), some other orders from Spain, Malaysia, Turkey, South Africa and china and a 35 Mio. USD per year order from Italy.
The figers do not appear in the Balance Sheet ??? augen verdrehen
2)Why is the 2 Podution line only in the second half of 2008 complet??
3)The certification for the USA and Canada. When is the approximate approvel though?? augen verdrehen
4)The company mentioned for 2008,an application for a registation on the Nasdaq?? augen verdrehen
5)The Stocks at the presant time are jumping tremendously in an up or down direction. My worry is,is the Stock going to develop into a ping-pong Stock in the USA?? augen verdrehen
Frendly Regardes from the optimist,
MFG
Ju.ju
Solar EnerTech ist ein Hersteller. photovoltaischer (PV) Solarzellen
mit Sitz in Schanghai, China, wo das Unternehmen eine hoch moderne
42.000 Quadratfuß große Produktions- und Forschungseinrichtung im
Jinqiao Modern Science and Technology Park von Schanghai errichtet
hat. Solar EnerTech will in die Solarzellenforschung investieren, um
Zellen mit höheren Wirkungsgraden zu entwickeln und die Ergebnisse
der Forschung direkt in die Produktionsprozesse einzusetzen. Unter
der Leitung eines der führenden Wissenschaftler der Branche wird das
F&E-Programm des Unternehmens SolarEnertech an die Spitze
fortgeschrittener Solarforschung und -produktion bringen. Das
Unternehmen hat zudem eine Marketing-, Einkaufs- und Vertriebsarm im
Silicon Valley im Süden Kaliforniens eingerichtet.
Safe-Harbor-Erklärung bezüglich zukunftsorientierter Aussagen:
Abgesehen von Aussagen, die historische Fakten wiedergeben, enthält
die hier bereitgestellte Information zukunftsorientierte Aussagen im
Sinne des Private Securities Litigation Reform Act aus dem Jahre
1995. Derartige zukunftsorientierte Aussagen beinhalten bekannte und
unbekannte Risiken, Unsicherheiten und andere Faktoren, die dazu
führen können, dass die tatsächlichen Ergebnisse oder Leistungen des
Unternehmens deutlich von den Ergebnissen und Leistungen abweichen,
die ausdrücklich oder implizit in den zukunftsorientierten Aussagen
enthalten sind. Zu diesen Faktoren zählen die allgemeinen
Wirtschafts- und Geschäftsbedingungen, die Fähigkeit zum Erwerb und
zur Entwicklung spezifischer Projekte, die Fähigkeit zur Finanzierung
von Betriebsbereichen und Änderungen im Verbraucherverhalten von
Konsumenten und Firmen und andere Faktoren, auf die Solar EnerTech
Corp. keinen oder nur geringen Einfluss hat.
Ich glaube solar Enertech steigt sehr hoch bis zu 10 € wenn mann Geduld hat.
Wir haben Voriges Jahr nur für ein bericht 5 Monat gewartet.
Jetzt;Firma hat 2 große Produktion Halle gebaut.
Aufrag ist Voll.
3 Schicht Arbeit.
Mit Modernste Technik Universität Schanghai zusammen arbeit macht immer technische Vorsprung.
SOLAR ENERTECH STEIGT NOCH OBEN KURZ 2 €
Wer sich permanent über vertane Chancen ärgert, trifft eher falsche Entscheidungen. Das Unternehmen startet ja erst in die Wachstumsphase. Davor war erstmal die Qualität der Produkte wichtig und die stimmt. Potentielle Auftraggeber sind doch sensibilisiert, wenn Technik aus China kommt. Bei vergleichbarer dokumentierter Qualität und gleichzeitig guten Preisen wird es aber interessant. An dem Punkt befindet sich SOEN. Die kürzliche private Kapitalspritze ermöglicht vielleicht eine schnellere Vollendung und Inbetriebnahme der zweiten 25MW Linie. Und die Sky Global Group ist ein Schwergewicht im spanischen und portugiesischen Markt. Die Reaktion des Marktes auf allgemeine und firmenspezifische Geschehnisse lässt sich mit Logik wohl kaum erklären. Der emotionale Faktor wiegt schwer und deshalb sehen wir momentan diese Kurse wieder.
No forecast is made for the stock market as a whole.
However, we do believe that whichever way the market
moves, stocks rated OUTPERFORM have, in the
aggregate, a higher probability of performing better than most others.>
MFG
Ju.ju
Angehängte Grafik:
1525r-81516.jpg
1525r-81516.jpg
und im tief, sind sie heute schon für 0,40€ übern Tisch gegangen.
Die Amis entscheiden wo es lang geht.
(a) As of the date of this Schedule 13D, each reporting person
beneficially owns 22,859,456 shares of Common Stock, which are held of record by
the Trust.
(b) Each of David Gelbaum and Monica Chavez Gelbaum, acting alone, has
the power to exercise voting and investment control over the shares of Common
Stock owned by the Trust.
David Gelbaum ist die Nummer 9 der "100 most powerful people in Southern California":
You may never have heard of him and, at just 5-foot-5 with a slight build and soft-spoken demeanor, Gelbaum may not seem particularly powerful. But by donating more to conservation causes than anyone in the state—anonymously—this hedge-fund multimillionaire has taken a leading role in safeguarding something near and dear to the hearts of many here: the outdoors. Under the guidance of politically savvy environmentalist David Myers, Gelbaum's gifts have protected enough mountain and desert land to create another Yosemite National Park, and his donations to wilderness education programs have sent nearly half a million inner-city schoolchildren to the mountains, desert or beach, many for the first time. Crucial tracts of the Mojave National Preserve have been protected, thanks to the Wildlands Conservancy, which Gelbaum cofounded. These days, the conservancy finds itself in the thick of the debate over the development of Tejon Ranch in the Teha-chapi Mountains. The Gelbaum-backed group, along with the Sierra Club and others, wants to reduce the amount of the ranch that will be paved and preserve 245,000 acres as wilderness— a tussle that will help define the limits of growth in Southern California.
Gelbaums finanziellen Aktivitäten im Bereich Umweltschutz und regenerativer Energien
Er spendet dem Sierra Club mal so eben 100 Millionen Dollar:
http://www.propertyrightsresearch.org/2005/...ds_us_not_to_repeat.htm
Livefuels hat von David Gelbaum 10 Millionen Dollar bekommen:Livefuels ist eine interessante StartUp Firma, die mit vielen Wissenschaftlern zusammenarbeitet an der Züchtung und Vermarktung von Algenkulturen zur Ölherstellung.
http://www.livefuels.com
http://www.cdtv.net/users/node/13365
Gelbaums finanziellen Aktivitäten bei börsennotierten Firmen
Für sein Vermögen hat Gelbaum den Quercus Trust eingerichtet, in dem er und seine Frau als Treuhänder agieren. In dem letzten halben Jahr hat David Gelbaum mit dem Quercus Trust kräftig in viele Firmen im Bereich regenerativer Energien investiert.
Aktienkäufe oder auch Verkäufe müssen ab einer bestimmten Schwelle (5%) in den USA bei der SEC „U.S. Securities and Exchange Commission“ gemeldet werden. Dasselbe gilt für die ASX in Australien (5%) und für die Börse in Deutschland (3%).
Nur diese gemeldeten Anteile, bei denen David Gelbaum mehr als 3% bzw. 5% aller Aktien hält sind mir bekannt. Sicherlich hat David Gelbaum auch in andere Firmen schon investiert.
Im Moment (03.01.2008) besitzt David Gelbaum Anteile an folgenden Firmen:
32.272.273 Aktien (und Warrants) von Electro Energy (=52,8% based on 61.084.071 shares of Common Stock)
http://www.electroenergyinc.com/
92.044.500 Aktien (und Warrants) von Open Energy (=45,6% based on 201.878.623 shares of Common Stock)
http://www.openenergycorp.com/
16.666.667 Aktien (und Warrants) von ThermoEnergy (=32,9% based on 50.729.219 shares of Common Stock)
http://www.thermoenergy.com/
15.151.643 Aktien von Beacon Power (=17,1% based on 88.653.361 shares of Common Stock)
6.194.163 Warrants von Beacon Power
http://www.beaconpower.com/
29.092.500 Aktien von Worldwater (=16,82% based on 172.873.540 shares of Common Stock)
9.000.000 Warrants von Worldwater (von 21.416.025)
http://www.worldwater.com/
16.624.007 Aktien von Dyesol (=16,09% based on 103.286.226 shares of Common Stock)
http://www.dyesol.com/german/
1.738.146 Aktien von Ascent Solar Technologies (=15,77% based on 11.160.401 shares of Common Stock)
http://www.ascentsolar.com/
1.281.614 Aktien der Environmental Power Corporation (=12,7% based on 10.122.491 shares of Common Stock)
http://www.environmentalpower.com/
4.031.025 Aktien von Daystar (=12,4% based on 32.447.562 shares of Common Stock)
http://www.daystartech.com/
5.683.127 Aktien von Emcore (=11,17% based on 50.889.524 shares of Common Stock)
http://www.emcore.com/
9.304.483 Aktien von EnviroMission (=9,90% based on 93.980.052 shares of Common Stock)
http://www.enviromission.com.au/
823.061 Aktien der Spire Corporation (=9,9% based on 8.305.788 shares of Common Stock)
http://www.spirecorp.com/
1.073.917 Aktien von Energy Focus (=9,3% based on 11.590.125 shares of Common Stock)
http://www.energyfocusinc.com/
1.946.361 Aktien von Akeena (=7,1% based on 27.354.513 shares of Common Stock)
http://www.akeena.net/cm/Home.html
3.444.700 Aktien von Octillion (=6,7%)
http://www.octillioncorp.com/index.php
318.550 Aktien von Deli Solar (=5,1% based on 6.205.290 shares of Common Stock)
http://www.delisolar.com/
301.957 Aktien der Solon AG (=3,23%)
http://www.solonag.com/
193.968 Aktien von Phönix Solar (=3,19%)
http://www.phoenixsolar.de/
333.680 Aktien von Ersol Solar (=3,11%)
http://www.ersol.de/
395.802 Aktien von Aleo Solar (=3,037%)
http://www.aleo-solar.de/
6.300.000 Aktien von LIGHTING SCIENCE GROUP (=1,3% based on 481.800.104 shares of Common Stock)
http://www.ledholdings.com/
Hoch interresant für Solar Enertech.
MfG
Ju.ju
David Gelbaum ist die Nummer 9 der "100 most powerful people in Southern California":
You may never have heard of him and, at just 5-foot-5 with a slight build and soft-spoken demeanor, Gelbaum may not seem particularly powerful. But by donating more to conservation causes than anyone in the state—anonymously—this hedge-fund multimillionaire has taken a leading role in safeguarding something near and dear to the hearts of many here: the outdoors. Under the guidance of politically savvy environmentalist David Myers, Gelbaum's gifts have protected enough mountain and desert land to create another Yosemite National Park, and his donations to wilderness education programs have sent nearly half a million inner-city schoolchildren to the mountains, desert or beach, many for the first time. Crucial tracts of the Mojave National Preserve have been protected, thanks to the Wildlands Conservancy, which Gelbaum cofounded. These days, the conservancy finds itself in the thick of the debate over the development of Tejon Ranch in the Teha-chapi Mountains. The Gelbaum-backed group, along with the Sierra Club and others, wants to reduce the amount of the ranch that will be paved and preserve 245,000 acres as wilderness— a tussle that will help define the limits of growth in Southern California.
Gelbaums finanziellen Aktivitäten im Bereich Umweltschutz und regenerativer Energien
Er spendet dem Sierra Club mal so eben 100 Millionen Dollar:
http://www.propertyrightsresearch.org/2005/...ds_us_not_to_repeat.htm
Livefuels hat von David Gelbaum 10 Millionen Dollar bekommen:Livefuels ist eine interessante StartUp Firma, die mit vielen Wissenschaftlern zusammenarbeitet an der Züchtung und Vermarktung von Algenkulturen zur Ölherstellung.
http://www.livefuels.com
http://www.cdtv.net/users/node/13365
Gelbaums finanziellen Aktivitäten bei börsennotierten Firmen
Für sein Vermögen hat Gelbaum den Quercus Trust eingerichtet, in dem er und seine Frau als Treuhänder agieren. In dem letzten halben Jahr hat David Gelbaum mit dem Quercus Trust kräftig in viele Firmen im Bereich regenerativer Energien investiert.
Aktienkäufe oder auch Verkäufe müssen ab einer bestimmten Schwelle (5%) in den USA bei der SEC „U.S. Securities and Exchange Commission“ gemeldet werden. Dasselbe gilt für die ASX in Australien (5%) und für die Börse in Deutschland (3%).
Nur diese gemeldeten Anteile, bei denen David Gelbaum mehr als 3% bzw. 5% aller Aktien hält sind mir bekannt. Sicherlich hat David Gelbaum auch in andere Firmen schon investiert.
Im Moment (03.01.2008) besitzt David Gelbaum Anteile an folgenden Firmen:
32.272.273 Aktien (und Warrants) von Electro Energy (=52,8% based on 61.084.071 shares of Common Stock)
http://www.electroenergyinc.com/
92.044.500 Aktien (und Warrants) von Open Energy (=45,6% based on 201.878.623 shares of Common Stock)
http://www.openenergycorp.com/
16.666.667 Aktien (und Warrants) von ThermoEnergy (=32,9% based on 50.729.219 shares of Common Stock)
http://www.thermoenergy.com/
15.151.643 Aktien von Beacon Power (=17,1% based on 88.653.361 shares of Common Stock)
6.194.163 Warrants von Beacon Power
http://www.beaconpower.com/
29.092.500 Aktien von Worldwater (=16,82% based on 172.873.540 shares of Common Stock)
9.000.000 Warrants von Worldwater (von 21.416.025)
http://www.worldwater.com/
16.624.007 Aktien von Dyesol (=16,09% based on 103.286.226 shares of Common Stock)
http://www.dyesol.com/german/
1.738.146 Aktien von Ascent Solar Technologies (=15,77% based on 11.160.401 shares of Common Stock)
http://www.ascentsolar.com/
1.281.614 Aktien der Environmental Power Corporation (=12,7% based on 10.122.491 shares of Common Stock)
http://www.environmentalpower.com/
4.031.025 Aktien von Daystar (=12,4% based on 32.447.562 shares of Common Stock)
http://www.daystartech.com/
5.683.127 Aktien von Emcore (=11,17% based on 50.889.524 shares of Common Stock)
http://www.emcore.com/
9.304.483 Aktien von EnviroMission (=9,90% based on 93.980.052 shares of Common Stock)
http://www.enviromission.com.au/
823.061 Aktien der Spire Corporation (=9,9% based on 8.305.788 shares of Common Stock)
http://www.spirecorp.com/
1.073.917 Aktien von Energy Focus (=9,3% based on 11.590.125 shares of Common Stock)
http://www.energyfocusinc.com/
1.946.361 Aktien von Akeena (=7,1% based on 27.354.513 shares of Common Stock)
http://www.akeena.net/cm/Home.html
3.444.700 Aktien von Octillion (=6,7%)
http://www.octillioncorp.com/index.php
318.550 Aktien von Deli Solar (=5,1% based on 6.205.290 shares of Common Stock)
http://www.delisolar.com/
301.957 Aktien der Solon AG (=3,23%)
http://www.solonag.com/
193.968 Aktien von Phönix Solar (=3,19%)
http://www.phoenixsolar.de/
333.680 Aktien von Ersol Solar (=3,11%)
http://www.ersol.de/
395.802 Aktien von Aleo Solar (=3,037%)
http://www.aleo-solar.de/
6.300.000 Aktien von LIGHTING SCIENCE GROUP (=1,3% based on 481.800.104 shares of Common Stock)
MENLO PARK, Calif., Feb. 7 /Xinhua-PRNewswire/ -- Solar EnerTech Corp. (the "Company") today announced results for the first quarter of fiscal year 2008.
For the fiscal 2008 first quarter ended December 31, 2007, Solar EnerTech reported total revenue of $4.8 million compared to no revenue in the same period of the prior year. The revenue result is in-line with first quarter revenue guidance announced on December 28, 2007. The Company recorded $2.2 million in solar cell and module sales with the remaining portion coming from the resale of raw materials. Module sales were sold mainly to customers in Europe. The Company incurred a negative gross profit of $466,000 for the first quarter ended December 31, 2007 primarily due to low manufacturing volume.
Total operating expense for the fiscal 2008 first quarter was $4.3 million compared to $2.6 million in the prior year period. First quarter operating expense included a $2.4 million non-cash stock compensation charge related to the hiring and retention of key executives. The increase in operating expense was due to an increase in sales and marketing activities and general and administrative expense to support overall growth. The Company also incurred a loss on debt extinguishment of $362,000 related to the conversion of certain Series A convertible notes into common stock and the settlement of all promissory notes with the Company's common stock.
The Company incurred interest expense charges of $278,000 associated with Series A and B convertible notes as well as gains of $1.1 million and $115,000 associated with the change in fair market value of compound embedded derivative liability and warrant liability, respectively.
Net loss for the fiscal 2008 first quarter was $3.9 million, or ($0.05) per share, compared to a net loss of $2.6 million, or ($0.03) per share in the same period of the prior year.
Mr. Leo Young, Chief Executive Officer of Solar EnerTech commented, "Our performance in the first quarter met our projections and we are making steady progress increasing sales of solar cells and modules. As we move into the second quarter, we are focused on scaling up our production capabilities and further developing our R&D initiatives.
We are in the process of expanding the size of our manufacturing operations and have moved our solar module manufacturing equipment to our new 21,000 square foot facility located near our existing plant within the Jinqiao Technology Park. This line is expected to be fully operational after the Chinese New Year holiday. As part of this expansion, we have also installed a new testing center for solar module efficiency. These measures will improve our production capabilities and provide us with the necessary space to install a second solar cell production line.
We are also making progress in our joint R&D efforts with Shanghai University. This included the successful implementation, on a testing line in the lab, of a new patent-protected technique that will enable us to decrease wafer thickness, increase the conversion rate of solar cells and reduce silicon consumption. Our joint R&D efforts have also resulted in continued progress on second generation thin film materials and a new processing technology for third generation nano-architectured photovoltaic materials and devices, both of which are expected to have a significant impact on the Company's future products."
Financial Outlook
For the fiscal 2008 second quarter ending March 31, 2008, Solar EnerTech expects revenue to be in the range of $7 million to $8 million. The Company expects approximately 80% of sales will be generated from modules sales with the remaining portion coming from the resale of raw materials. The Company's contract with Sky Solar (Hong Kong) International Co., Ltd, which was announced on December 18, 2007, is scheduled to begin delivery during the fiscal second quarter ending March 31, 2008 with ongoing delivery expected in the fiscal third and fourth quarters ending June 30, 2008 and September 30, 2008.
Mr. Young continued, "We were pleased to have completed another round of financing in January raising $21.4 million. The proceeds from this offering will be used for working capital to fund expansion of production, customer order fulfillment and the installation our second 25Mw production line, which is scheduled to be completed by the end of the calendar year.
Overall, we are encouraged with the outlook for our business in fiscal 2008 as we continue to make healthy progress with our business development and R&D initiatives. We expect to increase our manufacturing capacity to 50 Mw, improve our solar processing techniques and further develop new, highly innovative solar products, which can benefit our profit margin and reduce operating costs. We are off to a good start in fiscal 2008 and are well positioned for future growth ahead," concluded Young.
About Solar EnerTech Corp.
Solar EnerTech is a photovoltaic ("PV") solar energy cell manufacturing enterprise based in Shanghai, China, where the Company has established a sophisticated 42,000-square foot manufacturing plant in Shanghai's Jinqiao Modern Technology Park. Currently, the Company is capable of producing 25Mw of solar cells from its existing production line and the company has plans to install a second 25 Mw production line to better utilize capacity and to meet expected future customer demand.
Solar EnerTech has also established a Joint R&D Lab at Shanghai University to research and develop higher efficiency cells and to put the results of that research to use in its manufacturing processes. Led by one of the industry's top scientists, the Company expects its R&D program to help bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
Safe Harbor Statement
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which are relevant as of the date of the given press release and should not be relied upon as of any subsequent date. Solar EnerTech undertakes no obligation to update publicly any forward-looking statements.
CONTACT
Bill Zima or Dan Joseph
ICR Inc.
203-682-8200 (Investor Relations)
Solar EnerTech Announces 2008 First Quarter Financial ResultsTicker Symbol: U:SOEN
MENLO PARK, Calif., Feb. 7 /Xinhua-PRNewswire/ -- Solar EnerTech Corp. (the "Company") today announced results for the first quarter of fiscal year 2008.
For the fiscal 2008 first quarter ended December 31, 2007, Solar EnerTech reported total revenue of $4.8 million compared to no revenue in the same period of the prior year. The revenue result is in-line with first quarter revenue guidance announced on December 28, 2007. The Company recorded $2.2 million in solar cell and module sales with the remaining portion coming from the resale of raw materials. Module sales were sold mainly to customers in Europe. The Company incurred a negative gross profit of $466,000 for the first quarter ended December 31, 2007 primarily due to low manufacturing volume.
Total operating expense for the fiscal 2008 first quarter was $4.3 million compared to $2.6 million in the prior year period. First quarter operating expense included a $2.4 million non-cash stock compensation charge related to the hiring and retention of key executives. The increase in operating expense was due to an increase in sales and marketing activities and general and administrative expense to support overall growth. The Company also incurred a loss on debt extinguishment of $362,000 related to the conversion of certain Series A convertible notes into common stock and the settlement of all promissory notes with the Company's common stock.
The Company incurred interest expense charges of $278,000 associated with Series A and B convertible notes as well as gains of $1.1 million and $115,000 associated with the change in fair market value of compound embedded derivative liability and warrant liability, respectively.
Net loss for the fiscal 2008 first quarter was $3.9 million, or ($0.05) per share, compared to a net loss of $2.6 million, or ($0.03) per share in the same period of the prior year.
Mr. Leo Young, Chief Executive Officer of Solar EnerTech commented, "Our performance in the first quarter met our projections and we are making steady progress increasing sales of solar cells and modules. As we move into the second quarter, we are focused on scaling up our production capabilities and further developing our R&D initiatives.
We are in the process of expanding the size of our manufacturing operations and have moved our solar module manufacturing equipment to our new 21,000 square foot facility located near our existing plant within the Jinqiao Technology Park. This line is expected to be fully operational after the Chinese New Year holiday. As part of this expansion, we have also installed a new testing center for solar module efficiency. These measures will improve our production capabilities and provide us with the necessary space to install a second solar cell production line.
We are also making progress in our joint R&D efforts with Shanghai University. This included the successful implementation, on a testing line in the lab, of a new patent-protected technique that will enable us to decrease wafer thickness, increase the conversion rate of solar cells and reduce silicon consumption. Our joint R&D efforts have also resulted in continued progress on second generation thin film materials and a new processing technology for third generation nano-architectured photovoltaic materials and devices, both of which are expected to have a significant impact on the Company's future products."
Financial Outlook
For the fiscal 2008 second quarter ending March 31, 2008, Solar EnerTech expects revenue to be in the range of $7 million to $8 million. The Company expects approximately 80% of sales will be generated from modules sales with the remaining portion coming from the resale of raw materials. The Company's contract with Sky Solar (Hong Kong) International Co., Ltd, which was announced on December 18, 2007, is scheduled to begin delivery during the fiscal second quarter ending March 31, 2008 with ongoing delivery expected in the fiscal third and fourth quarters ending June 30, 2008 and September 30, 2008.
Mr. Young continued, "We were pleased to have completed another round of financing in January raising $21.4 million. The proceeds from this offering will be used for working capital to fund expansion of production, customer order fulfillment and the installation our second 25Mw production line, which is scheduled to be completed by the end of the calendar year.
Overall, we are encouraged with the outlook for our business in fiscal 2008 as we continue to make healthy progress with our business development and R&D initiatives. We expect to increase our manufacturing capacity to 50 Mw, improve our solar processing techniques and further develop new, highly innovative solar products, which can benefit our profit margin and reduce operating costs. We are off to a good start in fiscal 2008 and are well positioned for future growth ahead," concluded Young.
MFG
Ju.ju
abgesehen davon denke ich, dass man, wenn man in US aktien investiert, zumindest genug englisch können sollte, um ungefähr zu verstehen, worum es geht...