OverviewSuggest Edit

STR Holdings, Inc. is a holding company. The Company conducts its operations through its subsidiaries as a plastics and industrial materials research and development company. The Company designs, develops and manufactures encapsulants that protect the embedded semiconductor circuits of solar panels for sale to solar module manufacturers around the world. The Company has developed ethylene-vinyl acetate (EVA) based encapsulants for use in commercial solar module manufacturing. The Company has approximately 14 commercial encapsulant formulations, of which six are actively in use. The Company's encapsulant formulations offer a range of properties and processing attributes, including various curing times and temperatures that align with the requirements of its customers' individual lamination processes and module constructions. The Company's encapsulant formulations can be used in both crystalline silicon and thin-film solar modules.
TypePublic
HQEnfield, US
Websitestrsolar.com

Locations

STR Solar is headquartered in
Enfield, United States

Location Map

Latest Updates

Employees (est.) (Dec 2018)63(-30%)
Revenue (FY, 2018)$10.9 M(-19%)

Key People/Management at STR Solar

Robert S. Yorgensen

Robert S. Yorgensen

Chairman, President & Chief Executive Officer
John A. Janitz

John A. Janitz

Director
Andrew M. Leitch

Andrew M. Leitch

Director
Show more

STR Solar Office Locations

STR Solar has an office in Enfield
Enfield, US (HQ)
10 Water St
Show all (1)

STR Solar Financials and Metrics

STR Solar Revenue

STR Solar's revenue was reported to be $10.88 m in FY, 2018
USD

Revenue (Q2, 2019)

1.7m

Gross profit (Q2, 2019)

(912.0k)

Gross profit margin (Q2, 2019), %

(53.6%)

Net income (Q2, 2019)

(2.6m)

EBIT (Q2, 2019)

(2.8m)

Market capitalization (9-Oct-2018)

15.5m

Cash (30-Jun-2019)

2.0m

EV

15.8m
STR Solar's current market capitalization is $15.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

31.9m39.3m29.8m20.1m13.5m10.9m

Revenue growth, %

23%(24%)(32%)

Cost of goods sold

34.1m44.5m31.6m22.1m14.9m11.5m

Gross profit

(2.2m)(5.2m)(1.8m)(2.0m)(1.4m)(660.0k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019

Revenue

6.2m9.3m11.2m9.5m6.9m8.5m6.6m6.4m6.7m4.0m3.7m3.1m3.5m3.7m6.3m1.8m1.7m

Cost of goods sold

7.0m10.0m12.4m10.5m7.0m8.6m8.1m6.8m6.6m4.9m4.2m3.7m3.4m2.4m5.9m2.8m2.6m

Gross profit

(821.0k)(681.0k)(1.2m)(1.0m)(146.0k)(66.0k)(1.5m)(401.0k)60.0k(899.0k)(497.0k)(638.0k)141.0k1.3m326.0k(1.0m)(912.0k)

Gross profit Margin, %

(13%)(7%)(11%)(11%)(2%)(1%)(23%)(6%)1%(22%)(13%)(21%)4%35%5%(56%)(54%)
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

58.2m16.6m7.7m12.4m13.5m5.6m

Accounts Receivable

Inventories

8.6m4.8m1.8m1.1m1.8m

Current Assets

86.9m49.3m35.3m22.6m18.2m10.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019

Cash

62.2m26.5m27.2m22.8m13.3m10.4m9.6m6.6m13.8m13.8m11.4m13.4m13.3m13.3m11.7m5.5m2.0m

Inventories

10.7m9.5m8.9m9.7m7.7m6.7m5.9m3.5m3.0m2.1m1.9m2.1m1.9m1.1m1.4m1.7m1.2m

Current Assets

89.4m61.4m59.9m60.3m47.3m43.8m38.8m34.1m31.8m26.3m20.6m20.2m19.8m17.7m16.3m10.4m5.8m

PP&E

28.7m26.8m20.9m20.6m20.2m20.8m11.2m10.5m9.8m9.4m8.1m8.2m7.9m8.8m7.8m11.7m11.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(18.3m)(23.6m)(9.5m)(15.9m)(5.1m)(5.8m)

Depreciation and Amortization

2.0m2.1m1.9m1.7m708.0k718.0k

Inventories

112.0k(57.0k)3.2m2.8m910.0k(729.0k)

Accounts Payable

(321.0k)155.0k(332.0k)(597.0k)(415.0k)1.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(14.6m)(4.6m)(1.6m)(3.9m)(2.6m)(3.3m)(1.7m)(2.9m)(5.0m)(3.7m)(3.0m)

Depreciation and Amortization

1.5m511.0k490.0k

Inventories

(2.0m)(3.5m)

Accounts Payable

188.0k3.6m4.3m5.2m1.1m3.9m3.1m2.5m2.1m1.4m1.6m
USDY, 2019

EV/EBIT

-5.6 x

Financial Leverage

1.4 x
Show all financial metrics

STR Solar Online and Social Media Presence

Embed Graph

STR Solar Frequently Asked Questions

  • Who are STR Solar key executives?

    STR Solar's key executives are Robert S. Yorgensen, John A. Janitz and Andrew M. Leitch.

  • How many employees does STR Solar have?

    STR Solar has 63 employees.

  • What is STR Solar revenue?

    Latest STR Solar annual revenue is $10.9 m.

  • What is STR Solar revenue per employee?

    Latest STR Solar revenue per employee is $172.7 k.

  • Who are STR Solar competitors?

    Competitors of STR Solar include Canadian Solar, SoloPower and First Solar.

  • Where is STR Solar headquarters?

    STR Solar headquarters is located at 10 Water St, Enfield.

  • Where are STR Solar offices?

    STR Solar has an office in Enfield.

  • How many offices does STR Solar have?

    STR Solar has 1 office.