Solar-equipment maker STR Holdings Inc. widened its second-quarter profit loss after sales plummeted nearly a third amid continued delays redirecting its business model toward mass production.
For three months ended June 30, STR lost a net $4.5 million, or 11 cents a share, up from $4.2 million, or a dime a share lost the same quarter a year ago.
Second-quarter sales dropped to $7.8 million vs. $25.1 million a year ago.
The company also retracted its previously-issued 2013 guidance, citing ongoing volatility in its customer relationships and its repositioning.
