| ARISE Technologies公布公司2010年第二季度业绩报告。第二季度公司总收入为1530万美元，去年同期总收入660万美元。第二季度太阳能电池片总出货量达11.8兆瓦，比去年同期的2.9兆瓦增长了312%。 ARISE Technologies Corporation today reported its financial results for the second quarter ended June 30, 2010. Financial results conform to Canadian generally accepted accounting principles and all currency amounts are in Canadian dollars unless otherwise noted. Q2 2010 Highlights: Total revenue of $15.3 million, compared with $6.6 million in Q2 2009 Net loss of $7.4 million, compared with a net loss of $13.6 million in Q2 2009 Shipped 11.8 MW of PV cells, an increase of 312% from 2.9 MW in Q2 2009 Completed $11.5 million brokered offering Systems division signed joint venture agreement with Sky Solar "We continued to report improvements across key areas of our business during the second quarter with significant year-over-year increases in revenue and PV cell shipments," said Vern Heinrichs, President and CEO of ARISE. "Customer demand remains strong in both Europe and Ontario, and demand for our products is currently outpacing the available supply. Line two at our German plant is now running at full capacity, bringing our annual production capabilities to 85MW. We expect the strong demand to continue throughout the second half of 2010 and are in the early stages of planning lines three and four." "In Ontario, we continued to make strides in advancing the progress of our Systems division. This quarter, for the first time, the systems division generated more than $1 million in revenue from its operations in the Ontario market," added Mr. Heinrichs. "During the quarter, we signed a joint-venture agreement with Sky Solar whose European headquarters are in Neurnberg, Germany, to provide engineering, procurement and contracting services for ARISE and Sky Solar projects in Ontario. This agreement is significant because it provides ARISE with access to the project finance, engineering and construction expertise of Sky Solar, a multi-national enterprise with considerable experience in the PV solar market." Financial Overview Sales for the quarter ended June 30, 2010 amounted to $15.3 million, compared with $6.6 million in the second quarter of 2009. PV cells accounted for 93% of Q2 2010 sales with the balance being generated by the Company’s Systems Division. Gross loss for the three months ended June 30, 2010 was $0.5 million, compared with a loss of $8.1 million for the same period in 2009. Operating expenses for the second quarter of 2010 were $7.1 million, an increase of 24.3% from $5.7 million for the quarter ended June 30, 2009. R&D expenses decreased by 40% for the second quarter of 2010 to $1.5 million from $2.6 million in for the three months ended June 30, 2009. General and administrative (“G&A”) expenses increased to $4.5 million, from $2.3 million in the second quarter of 2009. The 96% increase was predominately the result of increased stock-based compensation related to the issuance of stock options, deferred share units, and warrants on a bridge loan in the second quarter of 2010. Selling and marketing expenses for the quarter ended June 30, 2010 were $0.5 million, compared with $0.4 million in the second quarter of 2009. Net interest expense for the second quarter of 2010 was $0.8 million, up slightly from $0.6 million for the same period the prior year. Other income and expenses for the quarter ended June 30, 2010, included a foreign exchange gain of $1.9 million, compared with a foreign exchange gain of $0.6 million for the second quarter of 2009. Liquidity and Capital Resources As at June 30, 2010, the Company had a working capital deficiency of $34.8 million consisting of current assets of $24.0 million less current liabilities of $58.8 million. This compares with negative working capital at December 31, 2009 of $44.0 million consisting of current assets of $24.2 million less current liabilities of $68.2 million. The decrease in working capital deficiency reflects cash raised from the issuance of shares during the quarter. Cash and cash equivalents and restricted cash at June 30, 2010 totaled $1.8 million, an increase of $1.2 million from December 31, 2009. |
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