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- 2005-11-19
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April 20, 2006
Sunnyvale, CA, USA: Solar Cell Manufacturer, SunPower Reports First Quarter 2006 Results
SunPower Corporation today announced that revenue for the first quarter ended April 2, 2006,
was $42.0 million, up 43% from the prior quarter's revenue of $29.3 million and
up 278% from the year-ago first quarter revenue of $11.1 million.
GAAP net income for the quarter was $0.3 million, or breakeven net income per share, compared
to last quarter's net loss of $0.6 million or $0.01 loss per share and the year-ago
first quarter net loss of $7.2 million. ----- ( 注: 無一例外的較05’Q4 財務指標都有下降 )
On a non-GAAP basis, excluding amortization of intangible assets and stock-based compensation,
the first quarter net income was $2.8 million or diluted earnings per share of $0.04, compared to
the prior quarter's net income of $1.5 million and the year-ago first quarter net loss of $6.1 million.
Other first-quarter highlights included:
-Continued capacity expansion at SunPower's SPML Philippines-based solar cell manufacturing facility
with the start-up of the company's third manufacturing line. Line 3, which runs thinner 190-micron
wafers, is scheduled to be running at full capacity by the end of the second quarter and brings
SunPower's solar cell nameplate annual manufacturing capacity to 75 megawatts.
-- Approval by SunPower's Board of Directors to proceed with construction of the company's
second solar cell manufacturing plant at SPML. Plant 2 will have a nameplate capacity of 200 MW
and is scheduled to start production from Line 5 in the first half of 2007.
-- Manufacture of the first 22%-efficient solar cells using the company's improved Gen 2 (second
generation) manufacturing process. These prototype solar cells were produced in pilot-scale runs at
SPML using existing high-volume manufacturing equipment. Gen 2 technology is planned for full
implementation on Line 4, scheduled to start production in the fourth quarter of 2006. --
Began construction at SunPower's first solar panel manufacturing facility, located close to SPML in
the Philippines. The new state-of-the-art panel factory will have an initial 30 MW nameplate annual
capacity and a footprint capable of expansion to 90 MW. Panel production is scheduled to begin in
the third quarter of 2006, and will augment the company's existing outsourced
panel production in China.
-- Volume shipment of the company's new, higher-efficiency SPR-95, SPR-215, and SPR-220 solar
panels. These new models increase the power ratings of what was already the highest efficiency
product line in the solar industry.
-- Certification of SunPower's new solar panel product line by TUV Rheinland to the industry's most
stringent standards, IEC 61215, edition 2 and IEC 61345. These panels are the first worldwide to
be certified under these stringent standards.
-- Securing a $55 million, silicon supply contract. This incremental supply agreement covers silicon
supply over a 5-year period, beginning in 2006, as a component of SunPower's diversified silicon
supply strategy.
Tom Werner, SunPower CEO, said "We are pleased to report another solid quarter of operational
results ahead of our announced objectives as well as a number of achievements that extend our
leadership in the technology arena."
"We continue to expand SunPower's manufacturing capacity ahead of plan," added Werner.
"Our newest production line, Line 3, was turned on during the first quarter and has already
exceeded its design-yield objectives. This was an important achievement since Line 3 exclusively
runs our new thinner 190-micron wafers. We are seeing the critical-mass benefits of our highly
skilled work force and disciplined operating systems that together enable the rapid transfer of
learning to our newer lines. We expect that this incremental capacity will allow us to achieve
another significant quarter-on-quarter top-line revenue increase to $50- to
$52 million for Q2, with expected, diluted non-GAAP net income of share of $0.05 to $0.07."
"We are on plan to install Line 4 at SPML in the fourth quarter of this year, and are pleased to
announce that we have already made 22% solar cells using the Gen 2 technology that we plan to
utilize on Line 4," continued Werner. "We expect that the 10% higher relative efficiency of Gen 2
technology together with thinner wafers will allow SunPower to further improve our silicon
utilization efficiency on Line 4 to less than 7 grams of polysilicon raw material perwatt of solar power"
"Early achievement of these manufacturing and technology milestones gives us the confidence to
increase our 2006 top-line minimum revenue guidance from $210 million to $220 million," Werner
said. "We are also pleased to report a number of significant achievements in our solar panel
assembly operation," Werner said.
"We recently announced that our solar panel group had started volume shipments of an upgraded
product line with higher power ratings than our previous industry-leading products. Our customers
are thrilled to be getting even more watts per panel than before with the same uniquely superior
aesthetic appearance. We are proud that this product line was the first worldwide to be certified
to the rigorous new IEC standards and believe this achievement further reinforces SunPower's
technology leadership position. "We have begun construction of our first solar panel manufacturing
line in a building very close to the SPML solar cell factory. The new solar panel operation will begin
with a single 30 MW line but has the footprint to house two more lines for a total potential
capacity of 90 MW. Our plan at this new factory is to develop and commercialize advanced,
automated solar panel manufacturing technology that leverages the inherent cost advantages of
our all-back contact solar cell architecture," Werner said. |
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发表于 2006-4-20 22:44