SLTD Solar3D Increased Revenue by Over 400%
last traded $4.53
For the three months ended March 31, 2015, the Company had an increase an revenue to $5,658,753 compared to $1,047,415 for the three months ended March 31, 2014.
Gross Profit for the Company also increased by $1,666,103 to $1,941,461 compared to $275,358 for the three months ended March 31, 2015 and 2014, respectively. The Gross Profit percentage increased to 34% in the first three months of 2015 compared to 26% for the first three months of 2014 due to improved volume improved purchasing efficiencies and the profitability of projects. Approximately 2/3 of the first quarter 2015 revenue was from sales to the commercial market, including the agricultural market, and approximately 1/3 of revenue was from sales to the residential market.