STR Solar

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.
Company Growth (employees)
Type
Public
HQ
Enfield, US
Size (employees)
135 (est)-18%
STR Solar is headquartered in Enfield, US

STR Solar Office Locations

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

STR Solar Data and Metrics

STR Solar Financial Metrics

STR Solar's revenue was reported to be $3.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

3.7 m

Gross profit (Q1, 2017)

(497 k)

Gross profit margin (Q1, 2017), %

(13%)

Net income (Q1, 2017)

(3 m)

EBIT (Q1, 2017)

(2.6 m)

Market capitalization (20-Jul-2017)

3.3 m

Closing share price (20-Jul-2017)

0.2

Cash (31-Mar-2017)

11.4 m
STR Solar's current market capitalization is $3.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

31.9 m39.3 m29.8 m20.1 m

Revenue growth, %

23%(24%)(32%)

Cost of goods sold

34.1 m44.5 m31.6 m22.1 m

Gross profit

(2.2 m)(5.2 m)(1.8 m)(2 m)

Gross profit Margin, %

(7%)(13%)(6%)(10%)

EBIT

(25.2 m)(19.7 m)(13 m)(12.6 m)

EBIT margin, %

(79%)(50%)(44%)(63%)

Interest income

27 k37 k

Net Income

(18.3 m)(23.6 m)(9.5 m)(15.9 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

11.2 m9.5 m6.9 m8.5 m6.6 m6.4 m6.7 m4 m3.7 m

Cost of goods sold

12.4 m10.5 m7 m8.6 m8.1 m6.8 m6.6 m4.9 m4.2 m

Gross profit

(1.2 m)(1 m)(146 k)(66 k)(1.5 m)(401 k)60 k(899 k)(497 k)

Gross profit Margin, %

(11%)(11%)(2%)(1%)(23%)(6%)1%(22%)(13%)

General and administrative expense

2.4 m2.5 m2.6 m2.8 m3.2 m1.9 m1.8 m1.8 m2 m

Operating expense total

2.4 m2.5 m2.6 m2.8 m3.2 m1.9 m1.8 m1.8 m2 m

EBIT

(3.9 m)(4 m)(3 m)(3 m)(5.2 m)(3.1 m)(3 m)(3.7 m)(2.6 m)

EBIT margin, %

(34%)(42%)(44%)(36%)(79%)(48%)(44%)(91%)(71%)

Interest expense

16 k3 k4 k13 k52 k(4 k)

Interest income

16 k3 k4 k13 k52 k

Net Income

(1.6 m)(3.9 m)(2.6 m)(3.3 m)(1.7 m)(2.9 m)(5 m)(3.7 m)(3 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

58.2 m16.6 m7.7 m12.4 m

Inventories

1.8 m

Current Assets

86.9 m49.3 m35.3 m22.6 m

PP&E

28.4 m20.2 m10.6 m8 m

Total Assets

129.2 m69.8 m53.9 m36.8 m

Accounts Payable

2.6 m2.7 m2.2 m1.5 m

Current Liabilities

12.6 m7.5 m6.7 m5.5 m

Total Liabilities

5.5 m

Additional Paid-in Capital

235.8 m230.3 m231 m231.6 m

Retained Earnings

(122.4 m)(168.6 m)(178.1 m)(194 m)

Total Equity

111.9 m57.7 m47.2 m31.4 m

Financial Leverage

1.2 x1.2 x1.1 x1.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

27.2 m22.8 m13.3 m10.4 m9.6 m6.6 m13.8 m13.8 m11.4 m

Inventories

8.9 m9.7 m7.7 m6.7 m5.9 m3.5 m3 m2.1 m1.9 m

Current Assets

59.9 m60.3 m47.3 m43.8 m38.8 m34.1 m31.8 m26.3 m20.6 m

PP&E

20.9 m20.6 m20.2 m20.8 m11.2 m10.5 m9.8 m9.4 m8.1 m

Total Assets

94.1 m93.6 m67.9 m65 m58.7 m52.6 m48 m42 m34.5 m

Accounts Payable

4.3 m5.2 m3.6 m3.9 m3.1 m2.5 m2.1 m1.4 m1.6 m

Current Liabilities

9.6 m14 m9.5 m9.3 m9.4 m7.8 m8.3 m5.8 m6 m

Additional Paid-in Capital

210.3 m210.6 m230.4 m230.6 m230.8 m

Retained Earnings

(128.7 m)(132.6 m)(171.2 m)(174.6 m)(176.3 m)(181 m)(186.1 m)(189.7 m)(197 m)

Total Equity

79.6 m74.9 m53.7 m51.1 m49.3 m44.8 m39.7 m36.2 m28.6 m

Financial Leverage

1.2 x1.2 x1.3 x1.3 x1.2 x1.2 x1.2 x1.2 x1.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(18.3 m)(23.6 m)(9.5 m)(15.9 m)

Depreciation and Amortization

2 m2.1 m1.9 m1.7 m

Accounts Receivable

(1.3 m)(8.2 m)(4.8 m)3.4 m

Inventories

112 k(57 k)

Accounts Payable

(321 k)155 k(332 k)(597 k)

Cash From Operating Activities

(22 m)(14.5 m)

Capital Expenditures

(2.2 m)

Cash From Investing Activities

(2.1 m)3.7 m(1.8 m)(247 k)

Cash From Financing Activities

19 k(30.4 m)565 k(34 k)

Income Taxes Paid

(650 k)(11.9 m)905 k(8.3 m)

Free Cash Flow

(19.7 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(1.6 m)(3.9 m)(2.6 m)(3.3 m)(1.7 m)(2.9 m)(5 m)(3.7 m)(3 m)

Accounts Payable

4.3 m5.2 m3.6 m3.9 m3.1 m2.5 m2.1 m1.4 m1.6 m
USDY, 2017

Revenue/Employee

27.5 k

Financial Leverage

1.2 x

STR Solar Market Value History

STR Solar Company Life and Culture

You may also be interested in