Earnings are always one of the biggest drivers for companies to boast their performance over the previous quarter. Solar Thin Films (OTC:SLTZ) reported its third quarter earnings today and since have incurred significant volume and gains. In early trading, shares of Solar Thin Films jumped 14 percent, or 6 cents per share, to $0.48 per share on heavy volume of nearly 300,000 shares. This lightly traded SmallCap stock has a market cap of just under $10 million.
Solar Thin Films today reported earnings of $618,291 ($0.03 per share) on revenues of $1,048,232 for the quarter ending September 30, 2010. This compares to a loss of $833,956 ($0.05 per share) on revenues of $2,181,056 for the quarter ending September 30, 2009.
For the nine months ending September 30, 2010 the company lost $324,294 ($0.02 per share) on revenues of $2,232,747 as compared to the nine months ending September 30, 2009 when the company showed a loss of $2,329,807 ($0.18 per share) on revenues of $8,402,980.
Solar Thin Films develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon photovoltaic ("PV") modules through its subsidiary Kraft Elecktronikai Zrt. based in Budapest, Hungary. The Company sells both "turnkey systems" and sub-systems to customers currently located in China, Spain and the United States and has produced equipment for installations in the US, Germany, Portugal, Taiwan, Greece and Spain.
The Company believes that its line of thin-film photovoltaic manufacturing equipment positions it to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin-film" PV modules as part of a cost effective, "clean technology" energy solution.
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