Spire Corporation (SPIR) - Financial and Strategic SWOT Analysis Review

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					              Spire Corporation (SPIR) - Financial and Strategic SWOT Analysis
                                            Review
        Reference Code: GDME339FSA                                                                                            Publication Date: APR 2012

          One Patriots Park                                  Phone               +1 781 2756000                 Revenue          61.6 (million USD)
          Bedford, MA                                        Fax                 +1 781 2757470                 Net Profit       -1.48 (million USD)
          01730-2396                                         Website             www.spirecorp.com              Employees        188
          United States                                      Exchange            SPIR [NASDAQ]                  Industry         Medical Equipment

       Company Overview
       Spire Corporation (Spire) develops manufactures and markets of highly engineered products and services in three business
       areas, namely, solar energy, biomedical devices and optoelectronics components. It develops products that generate renewable
       energy, improve healthcare, enhance security and deliver advanced solutions to businesses around the world. The company is
       principally engaged in the design and manufacture of specialized equipment for producing photovoltaic solar modules. It also
       manufactures designs and installs quality photovoltaic systems and components. The company's equipments deployed in about
       50 countries around the world.
       Key Executives                                                                SWOT Analysis
                      Name                                 Title                      Spire Corporation, SWOT Analysis
         Roger G. Little                     Chairman                                 Strengths                              Weaknesses
         Mark C. Little                      Chief Executive          Officer,
                                                                                      Increase in Current Asset              Dependence on a Few
                                             Spire Biomedical
                                                                                      Turnover                               Customers
         Udo Henseler Ph.D.                  Director
                                                                                      Industry Recognitions                  Poor Resource Management
         David R. Lipinski                   Director
         Michael      J.    Magliochetti Director
         Ph.D.                                                                        Opportunities                          Threats
        Source: Annual Report, Company Website, Primary and Secondary
        Research, GlobalData                                                          Growing Aged Population                Technological Changes

       Share Data                                                                     Expansion in the Emerging              Industry Consolidation
                                                                                      Markets                                Challenges
         Spire Corporation
        Share Price (USD) as on 05-Apr-                                  1.06
        2012                                                                         Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData
        EPS (USD)                                                       -0.34
        Market Cap (million USD)                                            9
        Enterprise Value (million USD)                                      6
        Shares Outstanding (million)                                        9
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData

       Financial Performance                                                         Recent Developments
                                                                                      Mar 15, 2012         Spire Reports Revenue Of $61.6m In 2011
                                                                                      Nov 16, 2011         SolarWorld's Solar Panels To Power Berkshire
                                                                                                           School's Project In Sheffield, Massachusetts
                                                                                      Nov 10, 2011         Spire Reports Revenues Of $8.9m In Q3 2011
                                                                                      Oct 13, 2011         Spire To Exhibit At Solar Power International
                                                                                                           2011 In Dallas, Texas
                                                                                     Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData



       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData




Spire Corporation (SPIR) - Financial and Strategic SWOT Analysis                                                                 Reference Code: GDME339FSA
Review
Source : www.globalcompanyintelligence.com                                                                                                                     Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Table of Contents
       Table of Contents ............................................................................................................................................................................... 2
          List of Tables .................................................................................................................................................................................. 4
          List of Figures ................................................................................................................................................................................. 4
       Section 1 - About the Company.......................................................................................................................................................... 5
       Spire Corporation - Key Facts ............................................................................................................................................................ 5
       Spire Corporation - Key Employees ................................................................................................................................................... 6
       Spire Corporation - Key Employee Biographies ................................................................................................................................. 7
       Spire Corporation - Major Products and Services .............................................................................................................................. 8
       Spire Corporation - Medical Equipment Pipeline Products Data ...................................................................................................... 10
          Spire Corporation Pipeline Products by Equipment Type ............................................................................................................. 10
          Spire Corporation Pipeline Products by Development Stage ........................................................................................................ 12
       Spire Corporation - History ............................................................................................................................................................... 14
       Spire Corporation - Company Statement.......................................................................................................................................... 18
       Spire Corporation - Locations And Subsidiaries ............................................................................................................................... 20
          Head Office ................................................................................................................................................................................... 20
          Other Locations & Subsidiaries ..................................................................................................................................................... 20
       Section 2 – Company Analysis ......................................................................................................................................................... 21
       Spire Corporation - Business Description ......................................................................................................................................... 21
       Spire Corporation - SWOT Analysis ................................................................................................................................................. 22
          SWOT Analysis - Overview........................................................................................................................................................... 22
          Spire Corporation - Strengths ....................................................................................................................................................... 22
             Strength - Increase in Current Asset Turnover .......................................................................................................................... 22
             Strength - Industry Recognitions ............................................................................................................................................... 22
             Strength - Strong Research and Development Activities........................................................................................................... 22
             Strength - Wide Range of Markets Served ................................................................................................................................ 22
          Spire Corporation - Weaknesses .................................................................................................................................................. 23
             Weakness - Dependence on a Few Customers ........................................................................................................................ 23
             Weakness - Poor Resource Management................................................................................................................................. 23
          Spire Corporation - Opportunities ................................................................................................................................................. 23
             Opportunity - Growing Aged Population .................................................................................................................................... 23
             Opportunity - Expansion in the Emerging Markets .................................................................................................................... 23
             Opportunity - Strategic Alliances ............................................................................................................................................... 23
             Opportunity - Growth in Solar PV and PPA Markets ................................................................................................................. 24
          Spire Corporation - Threats .......................................................................................................................................................... 24
             Threat - Technological Changes ............................................................................................................................................... 24
             Threat - Industry Consolidation Challenges .............................................................................................................................. 24
             Threat - Competitive Landscape ............................................................................................................................................... 24
       Spire Corporation - Key Competitors ................................................................................................................................................ 25
       Section 3 – Company Financial Ratios ............................................................................................................................................. 26
       Financial Ratios - Capital Market Ratios........................................................................................................................................... 26
       Financial Ratios - Annual Ratios ...................................................................................................................................................... 26
       Performance Chart ........................................................................................................................................................................... 28
       Financial Performance...................................................................................................................................................................... 28
       Financial Ratios - Interim Ratios....................................................................................................................................................... 29
       Financial Ratios - Ratio Charts ......................................................................................................................................................... 30


Spire Corporation (SPIR) - Financial and Strategic SWOT Analysis                                                                                                  Reference Code: GDME339FSA
Review
Source : www.globalcompanyintelligence.com                                                                                                                                                                Page 2
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Section 4 – Company’s Power, Lifesciences Financial Deals and Alliances .................................................................................... 31
          Spire Corporation, Medical Equipment, Deals By Year, 2006 to YTD 2012.................................................................................. 31
          Spire Corporation, Medical Equipment, Deals By Type, 2006 to YTD 2012 ................................................................................. 32
       Spire Corporation, Recent Deals Summary..................................................
				
DOCUMENT INFO
Description: Spire Corporation (Spire) develops manufactures and markets of highly engineered products and services in three business areas, namely, solar energy, biomedical devices and optoelectronics components. It develops products that generate renewable energy, improve healthcare, enhance security and deliver advanced solutions to businesses around the world. The company is principally engaged in the design and manufacture of specialized equipment for producing photovoltaic solar modules. It also manufactures designs and installs quality photovoltaic systems and components. The company's equipments deployed in about 50 countries around the world. Spire’s key customers include First Solar, BP Solar, Canadian Solar, Trina Solar Energy, Evergreen and Solaria Energia. The company focuses on sturdy R&D activities that help it in cost reduction and process improvement, quality assurance, and process control. Its R&D initiatives revolve around developing new manufacturing methods, improving existing manufacturing methods, developing new products, and improving the existing products. Spire is headquartered in Massachusetts, the US.
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PARTNER GlobalData
GlobalData is an industry analysis specialist, providing business information products and services. GlobalData’s highly qualified team of analysts, researchers, and solution consultants use proprietary data sources, tools and techniques to gather, analyze and represent the latest and the most reliable information essential for a business to sustain a competitive edge. GlobalData is a UK-based company with presence across North America, Europe and Asia Pacific and has a broad product offering that ranges from interactive databases, reports and custom solutions. It is a comprehensive source of insights and analysis with coverage across the oil & gas, power, alternative energy, nuclear power, petrochemicals, medical equipment and healthcare industries. GlobalData has a broad range of coverage over key market segments. It has a global scope, covering a wide range of countries constituting more than 90% of global revenues in each of the industries it covers. With a large dedicated research and analysis capability, GlobalData employs rigorous primary and secondary research techniques in developing unique data sets and research materials. Its status as an independent research company allows Analysts to conduct trade interviews with key industry players. Access to unique databases of in-house market information further strengthens research and analysis capabilities. Materials are reviewed shaped by an expert panel of leading industry figures and representatives from key players in the relevant industries. Sectors and Geographies Covered GlobalData has a broad range of coverage over key market segments. It has a global scope, covering a wide range of countries constituting more than 90% of global revenues in each of the industries it covers. Research Methodology With a large dedicated research and analysis capability, GlobalData employs rigorous primary and secondary research techniques in developing unique data sets and research materials. Its status as an independent research company allows Analysts to conduct trade interviews with key industry players. Access to unique databases of in-house market information further strengthens research and analysis capabilities. Materials are reviewed shaped by an expert panel of leading industry figures and representatives from key players in the relevant industries.