(ADPnews) - Nov 16, 2010 - US-based Solar Power Inc (OTC:SOPW) turned to a net loss of USD 2.6 million (EUR 1.9m) in the third quarter of 2010 from a USD-1.7-million net profit a year ago, due to delayed funds from its Aerojet project in California.
Loss per share amounted to USD 0.05, against earnings per share of USD 0.05, the company said in a statement on Monday.
Third-quarter revenue dropped to USD 4 million from USD 22.3 million.
The photovoltaic (PV) modules maker posted a deeper net loss for the nine months to September of USD 9.1 million, compared with USD 2.6 million a year earlier.
Revenues declined to USD 20.8 million from USD 38.5 million.