Spire Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
For the nine months, the company reported net loss attributable to common stockholders of $6.455 million or $0.70 loss per basic and diluted share compared to $0.740 million or $0.09 per basic and diluted share a year ago. Net sales and revenues were $10.966 million compared to $18.323 million a year ago. Loss from continuing operations was $6.642 million or $0.70 per basic and diluted share compared to $3.501 million or $0.41 per basic and diluted share a year ago. Net cash used in operating activities was $3.7 million for the nine months ended September 30, 2013, which includes $0.2 million of cash used in operating activities of discontinued operations, as compared to net cash used in operating activities of $6.3 million for the nine months ended September 30, 2012 which includes $1.7 million of cash used in operating activities of discontinued operations. Operating loss from continuing operations was $6.581 million compared to $5.414 million a year ago.