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ICP Solar Posts 2Q Financial Results.

Publication: Wireless News
Publication Date: 18-SEP-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: ICP Solar Posts 2Q Financial Results.(Financial report)

Article Excerpt
ICP Solar Technologies, a developer, manufacturer and marketer of proprietary solar panels and products, announced financial results for its second fiscal quarter ended July 31.

In a release dated September 14, the company stated:

Highlights for the Quarter

- ICP Solar posted sales of $1.4 million for the fiscal second quarter and gross profit of $0.4 million, or 26 percent of sales, versus a gross margin of 17 percent in the prior year period even as revenues fell due to the global recession and supply chain issues.

- Shipments were negatively affected during the quarter by vendor constraints in China, where many traditional suppliers have gone out of business...

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