Flexible Electronics News

First Solar Announces 2007 Fourth Quarter and Year-End Financial Results

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. announced its financial results for the fourth quarter and fiscal year ended, December 29, 2007. Quarterly revenues were $200.8 million, up from $159.0 million in the third quarter of fiscal 2007 and up from $52.7 million in the fourth quarter of fiscal 2006. Revenues for the fiscal year ended December 29, 2007 were $504.0 million, up from $135.0 million in fiscal year 2006. Net income for the fourth quarter of fiscal 2007 was $62.9 million or $0.77 per share on a fully dil...

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