| Address:
|
16005 LOS GATOS BLVD
|
| City: |
LOS GATOS |
|
State: |
CA |
|
Zip Code: |
95032 |
| Telephone: |
408-395-7774 |
|
Description of Business
|
Primary SIC Code:
3433 |
| (As filed with the SEC)
|
|
|
We are a designer, integrator and installer of solar power systems and a
designer of solar panels with integrated microinverters (which we call AC solar
panels). We market, sell, design and install systems for residential and
commercial customers. We source components (such as solar panels and inverters)
from manufacturers such as Suntech Power Holdings Co. Ltd. (Suntech), Enphase
Energy (Enphase) and SMA America, LLC (SMA). We have provided installation
services in California, New York, New Jersey, Pennsylvania, Colorado and
Connecticut. We sell our AC solar panels to solar installers, trade workers and
do-it-yourself customers in the United States and Canada through distribution
partnerships, our dealer network and retail home improvement outlets. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2010 | -0.38 | NA | N/E | | 12/2009 | -0.48 | NA | N/E | | 09/2009 | -0.72 | NA | N/E | | 06/2009 | -0.84 | NA | N/E | | 03/2009 | -0.88 | NA | N/E | | 12/2008 | -0.87 | NA | N/E | | 09/2008 | -0.73 | NA | N/E | | 06/2008 | -0.71 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | -0.26 | Total Liab/Total Assets | 0.56 | | Net Inc/Total Assets | -0.85 | Total Liab/Inv Cap | 1.28 | | Net Inc/Inv Cap | -1.94 | Total Liab/Comm Equity | 0.17 | | Pretax Inc/Net Sales | -0.56 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | -0.56 | Curr Debt/Equity | 0.04 | | Cash Flow/Net Sales | 0.05 | LTD/Equity | 0.04 | | SG&A/NetSales | 0.71 | Total Debt/Equity | 0.08 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.56 | Quick Ratio | 1.19 | | Inventory Turnover | 2.81 | Current Ratio | 1.67 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.26 | | Net Sales/Work Cap | 4.15 | Inv/Curr Assets | 0.29 | | Net Sales/PP&E | 22.58 | | |
Income Statement (Millions) |
| |
3/31/2010
|
12/31/2009
|
9/30/2009
|
6/30/2009
|
|
Total Revenues(Net Sales)
|
6.46
|
7.03
|
7.67
|
5.91
|
|
Cost of Goods Sold
|
4.97
|
5.77
|
5.78
|
4.74
|
|
Selling & Admin Exps
|
4.81
|
4.79
|
5.07
|
4.33
|
|
Operating Income
|
-3.33
|
-3.52
|
-3.18
|
-3.17
|
|
Interest Exp
|
NA
|
-0.05
|
-0.01
|
-0.02
|
|
Pretax Income
|
-2.44
|
-3.68
|
-2.40
|
-4.69
|
|
Other Income
|
0.88
|
-0.17
|
0.76
|
-1.54
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-2.44
|
-3.68
|
-2.40
|
-4.69
|
|
Assets
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
6/30/2009
|
|
Cash & Short Term Investments
|
2.67
|
5.80
|
7.19
|
6.99
|
|
Receivables - Total
|
3.54
|
4.39
|
4.33
|
3.82
|
|
Inventories - Total
|
6.55
|
4.87
|
3.78
|
4.90
|
|
Total Current Assets
|
14.33
|
16.89
|
16.76
|
17.26
|
|
Net Property, Plant & Equipment
|
1.12
|
1.25
|
1.35
|
1.50
|
|
Total Assets
|
15.89
|
18.58
|
18.56
|
19.25
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
6.11
|
6.64
|
5.43
|
4.06
|
|
Debt in Current Liabilities
|
0.24
|
0.30
|
0.24
|
0.24
|
|
Total Current Liabilities
|
8.46
|
10.10
|
8.64
|
8.18
|
|
Long-Term Debt
|
0.30
|
0.36
|
0.42
|
0.49
|
|
Total Liabilities
|
8.77
|
10.47
|
9.08
|
8.70
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.04
|
0.04
|
0.03
|
0.03
|
|
Retained Earnings
|
-54.26
|
-51.82
|
-48.15
|
-45.74
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
7.12
|
8.11
|
9.48
|
10.55
|
|
Total Liabilities and Stockholders' Equity
|
15.89
|
18.58
|
18.56
|
19.25
|
Cash Flow Summary (Millions) |
|
Categories
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
6/30/2009
|
|
Net Cash Provided by Operating Activities
|
-3.87
|
-3.10
|
-0.18
|
2.02
|
|
Net Cash Provided by Investing Activities
|
-0.02
|
-0.04
|
-0.02
|
-0.06
|
|
Net Cash Provided by Financing Activities
|
0.74
|
1.76
|
0.40
|
2.16
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 13.39 | -1.81 | -0.16 | | 12/2007 | 32.21 | -11.05 | -0.52 | | 12/2008 | 40.76 | -24.35 | -0.87 | | 12/2009 | 28.21 | -15.84 | -0.48 | | Growth Rates | 28.19 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/10 | 34 | 2,881 | 7.17 |
|
Report Date :
7/19/2010
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