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Last $0.01 USD
Change Today -0.0002 / -1.52%
Volume 817.9K
WEST On Other Exchanges
Symbol
Exchange
OTC US
As of 1:46 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

andalay solar inc (WEST) Key Developments

Andalay Solar, Inc. - Shareholder/Analyst Call

To update investors on the state of the company and go forward strategy

Andalay Solar, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Andalay Solar, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s revenue was $275,000, compared to $142,000 in the first quarter of 2014. Revenue increased by $132,000 or 92.8% compared to the same period in the prior year. The sequential increase in revenue of $41,000 or 17.6% was primarily due to increased installation activities.Net loss from operations was $823,000 compared to $70,000 in the same period last year. The net loss includes a favorable non-cash adjustment to the fair value of embedded derivatives of $41,000 for the first quarter of 2015 and an unfavorable non-cash adjustment to the fair value of embedded derivatives of $102,000 for the same period last year and a unfavorable non-cash adjustment to the fair value of embedded derivatives of $83,000 for the fourth quarter of 2014. Net loss from continuing operations was $766,000 compared to $538,000 for the same period last year. Net loss attributable to common shareholders was $823,000 or $0.00 per basic and diluted share compared to $84,000 or $0.00 per basic and diluted share in the first quarter of 2014. Loss from continuing operations was $802,934 against $660,454 a year ago. Loss before provision for income taxes was $823,476 against $69,942 a year ago.

Andalay Solar, Inc. announced delayed 10-Q filing

On 05/15/2015, Andalay Solar, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Andalay Solar, Inc. Proposes to Approve an Amendment to its Certificate of Incorporation

Andalay Solar, Inc. proposed to approve an amendment to its Certificate of Incorporation to increase the number of authorized shares of Common Stock of the Company from 500,000,000 to 2,500,000,000 at its AGM to be held on June 9, 2015.

Andalay Solar Announces Availability of New Line of Hyundai-Branded Solar Modules on May 15

Andalay Solar has announced May 15 availability of a new line of Hyundai-branded solar modules with Andalay Instant Connect® frame technology. The new modules are the product of a previously announced partnership between Andalay and Hyundai Heavy Industries, which is manufacturing the modules in South Korea. The Hyundai TG-Series solar modules utilize 260 watt polycrystalline technology with a black Andalay frame. The initial shipment of modules is currently en route to the U.S. west coast and is expected to be available for customer pick-up starting May 15, 2015.

 

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