Satcon公布2010年第二季度业绩报告

2010-8-7 07:35| 发布者: apple| 查看: 936| 评论: 0|来自: 易恩孚

摘要: Satcon Technology Corporation公布公司2010年第二季度（截至6月30日）业绩报告。第二季度，公司总销售额为2760万美元，是去年同期的2.5倍；毛利率也由上一季度的14%增长到了21%。Satcon Technology Corporation tod ...

Satcon Technology Corporation公布公司2010年第二季度（截至6月30日）业绩报告。第二季度，公司总销售额为2760万美元，是去年同期的2.5倍；毛利率也由上一季度的14%增长到了21%。

Satcon Technology Corporation today announced its results for the second quarter ended June 30, 2010.

"Second quarter sales of $27.6 million represented the largest quarter in Satcon's history, reaching revenues over two and a half times greater than what we reported in the same period a year ago," said Steve Rhoades, Satcon's President and Chief Executive Officer. "We also grew gross margin to 21%, a significant improvement over last quarter's 14%, fueled by the transfer of our primary manufacturing to our lower cost facility in Shenzhen, China, which we completed during the second quarter."

Bookings for the first half of 2010 totaled $123 million, an increase of 1100% over the same period last year, reflecting the explosive growth that the company is experiencing in its key end markets in North America, Europe and Asia Pacific. These bookings represent 506 MW of orders for Satcon's products, with 39% of that demand coming from North America, 25% from Europe and 36% from Asia Pacific.

For the first half of 2010, the company shipped 161 MW of its industry-leading PowerGate(R) Plus, Prism(TM), and Solstice(TM) solutions. Satcon's 500kW PowerGate Plus solution continued to be its strongest performing product, shipping over 101.5 MW during the period, and representing 233% growth over the number of 500kW PowerGate Plus units shipped in the first half of 2009.

At June 30, 2010, the company's backlog, which consists of firm fixed purchase orders with customers, was $82 million. Backlog from Asia topped the list representing 43% of orders to be delivered. North America contributed 42% to the mix, while Europe contributed 15%. Backlog as of August 3, 2010 totaled $111 million, of which about 90% is currently expected to ship this calendar year.

"With the strength of our backlog and bookings activity, we continue to invest in operational enhancements that will grow our current capacity significantly in the second half of the year and beyond," said Rhoades. "This global demand has driven our recent move to raise our global manufacturing to over 1 gigawatt, and move toward over 1.75 gigawatts of global capacity in 2011."

Recent customer wins and company highlights include:

- 20 megawatts of Satcon Prism, the company's fully-integrated one megawatt medium voltage solution, from solar industry leader, Q-Cells, for a number of large-scale solar plants in Ontario contracted under the Renewable Energy Standard Offer Program.
- Chosen by Southern California Edison to supply at least 75% of Satcon's utility-ready inverter solutions to the utility's Solar Photovoltaic Program, a 250 megawatt solar rooftop initiative.
- Five megawatts of Satcon Prism provided to Pacific Gas & Electric to power the largest solar farm to date on the utility's network for Cal-RENEW 1 in Mendota, California.
- Chosen by Enfinity, a leading worldwide solar energy development company, to supply PowerGate Plus 500kW solutions for two power stations at one of France's largest solar farms.
- Installed the first commercial site utilizing Satcon's 100kW Solstice power conversion solutions on a 425kW rooftop installation developed by Broadway Electric. The Solstice solutions will be integrated with Solstice SSB combiner boxes, which house unique string level DC to DC conversion, maximum power point tracking, performance management and system communication technologies.
- Expanded Satcon's Solstice product portfolio to include a 125kW system solution for Europe and Asia, and a 500kW system solution now available in North America with European and Asian solutions available later this year.
- Launched Equinox(TM), Satcon's third-generation 500kW central inverter system solution that provides 98.5% efficiency and the industry's highest levels of system-wide performance, uptime, and reliability.

"As we look to the third quarter of 2010, we are well-positioned to deliver significant top-line growth with revenues expected to be in the $43-$47 million range," Rhoades said. "We are also confirming that we anticipate achieving gross margin greater than 30% in the second half of the year as a result of the continuous improvements we are making to our operations and manufacturing supply chain, and that we remain on target to have our operations plan fully implemented by the end of Q3. With these improvements, we expect that our margins in the third quarter will be in the mid to high 20's, and margins for the fourth quarter will be in the low to mid 30% range."

Rhoades continued, "We see momentum continuing into our fourth quarter of 2010, and expect that our fourth quarter revenues will increase over those that we generate in our third quarter."

Satcon also announced that it has entered into an agreement with Silicon Valley Bank to increase its revolving line of credit to $15 million. "This expansion of our senior debt facility, along with the $12 million subordinated debt transaction we closed in June, provides Satcon with greater working capital resources to support our growth plans in the global utility-scale solar market," said Donald Peck, Satcon's Chief Financial Officer.

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Satcon公布2010年第二季度业绩报告

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