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Last $0.81 USD
Change Today +0.0035 / 0.43%
Volume 22.4K
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

str holdings inc (STRI) Snapshot

Open
$0.79
Previous Close
$0.81
Day High
$0.84
Day Low
$0.78
52 Week High
09/16/14 - $1.95
52 Week Low
08/24/15 - $0.76
Market Cap
14.9M
Average Volume 10 Days
16.4K
EPS TTM
$-2.02
Shares Outstanding
18.3M
EX-Date
01/5/15
P/E TM
--
Dividend
--
Dividend Yield
313.46%
Current Stock Chart for STR HOLDINGS INC (STRI)

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str holdings inc (STRI) Details

STR Holdings, Inc., together with its subsidiaries, operates as a plastic and industrial materials research and development company worldwide. The company designs, develops, and manufactures encapsulants that protect the embedded semiconductor circuits of solar panels for sale to solar module manufacturers. Its encapsulants could be used in both crystalline silicon and thin-film solar modules. The company was founded in 1944 and is headquartered in Enfield, Connecticut.

220 Employees
Last Reported Date: 03/26/15
Founded in 1944

str holdings inc (STRI) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $475.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $241.1K
Compensation as of Fiscal Year 2014.

str holdings inc (STRI) Key Developments

STR Holdings, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015

STR Holdings, Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, net sales were $8,515,000, compared to $11,222,000 for the last year. sequential increase was driven by approximately 21% higher volume and a 3% increase in average selling price ("ASP"). The sequential volume increase was primarily driven by new Chinese customer wins as well as growth in the European and India markets. The year-over-year second quarter decrease was driven by approximately 13% lower volume and a 13% decline in ASP. Operating loss was $3,045,000, compared to $3,852,000 for the last year. Loss from continuing operations before income tax benefit was $3,260,000, compared to $1,044,000 for the last year. Loss from continuing operations were $3,313,000 or $0.18 per diluted share compared to $1,640,000 or $0.19 per diluted share for the last year. Net loss was $3,313,000 or $0.18 per diluted share, compared to $1,640,000 or $0.19 per diluted share for the last year. Total diluted non-GAAP net loss per share was $0.18 compared to $0.44 for the last year. Total net cash used in operating activities was $2,012,000, compared to $213,000 for the last year. Capital investments were $885,000, compared to $774,000 for the last year. Non-GAAP net loss from continuing operations was $3,167,000 or $0.18 per diluted share, compared to $3,866,000 or $0.44 per diluted share for the last year. Adjusted LBITDA was $2,480,000, compared to $3,982,000 for the last year. The year-over-year improvement was due to reduced gross loss and improved bad debt, partially offset by increased R&D and unfavorable foreign currency impact. The sequentially higher net loss of $0.7 million was primarily due to negative foreign exchange impact. On a year-over-year basis, net loss from continuing operations increased by $1.7 million compared to the corresponding 2014 period driven by a $0.2 million unfavorable impact from foreign currency as well as the net impact for the following special items recorded in 2014 that did not recur in 2015: $4.1 million non-cash product performance accrual reversal; $0.8 million in restructuring accrual reversals and the $1.3 million loss on reclassification in 2014. These negative impacts more than offset reduced gross loss, improved bad debt and lower income tax expense achieved in the second quarter of 2015. For the six months ended June 30, 2014, net sales were $15,378,000, compared to $20,558,000 for the last year. Operating loss was $6,082,000, compared to $7,788,000 for the last year. Loss from continuing operations before income tax benefit was $5,813,000, compared to $5,547,000 for the last year. Net loss from continuing operations was $5,919,000 or $0.33 per diluted share, compared to $6,282,000 or $0.52 per diluted share for the last year. Net loss was $5,919,000 or $0.33 per diluted share, compared to $6,282,000 or $0.52 per diluted share for the last year. Total diluted non-GAAP net loss per share was $0.31 compared to $0.58 for the last year. Total net cash used in operating activities was $3,675,000, compared to $5,120,000 for the last year. Capital investments were $2,277,000, compared to $1,720,000 for the last year. Non-GAAP net loss from continuing operations was $5,580,000 or $0.31 per diluted share, compared to $7,025,000 or $0.58 per diluted share for the last year. Adjusted LBITDA was $4,249,000, compared to $6,905,000 for the last year.

STR Explores Strategic Alternatives

STR Holdings, Inc. (NYSE:STRI) is exploring strategic alternatives. In order to achieve and sustain compliance with the $1 stock price requirement, STR will continue to seek to improve its financial performance and prospects, including through the execution of synergies with its strategic partner, Zhenfa New Energy Group Co., Ltd., and the exploration of strategic alternatives in the more profitable downstream solar sector.

STR Holdings Mulls acquisition

STR Holdings, Inc. (NYSE:STRI) is seeking acquisitions. Potential transactions could include construction financing of solar projects, acquisition and ownership of operating solar projects and developing solar projects. STR Holdings, Inc. has engaged the services of a U.S.-based investment bank with a specialty in renewable energy. The engagement mandate is to assist STR in finding a transformative transaction within the renewable energy sector, ideally within the downstream solar subsector. The engagement also provides for due diligence services related to potential investments in downstream solar projects, several of which have already been identified by STR Holdings.

 

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STRI

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Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 0.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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