Message #9 From:
Jason Date: October 27, 2007 10:37:41 AM
Pretty Big Numbers, If They Are Real
Wieland Koornstra, Chief Executive Officer of GiraSolar BV, further
commented: "In 2006 we recorded consolidated revenues of approximately $56
million, a momentous achievement for a company of our size. When
accounting for those revenues, it is also important to note that
approximately $16 million of those sales were intended for delivery in
2007, but were actually supplied and recorded in 2006, which resulted in an
increase in our 2006 revenue but will have the effect of causing our 2007
revenue to be $16 million less than we originally anticipated. Looking
ahead, we foresee continued great strides within our current customer base
and leveraging our brand to create additional new business. Nevertheless,
due to changing market conditions, regulatory issues with incentive
programs, the variability of silicon prices and other factors, we cannot
give any accurate prediction for our 2007 revenue."
If these numbers hold true GRSR will turn out to be a pretty good little company. If the numbers are bogus, then dont expect much.
