22.03.06

22.3.2006: Meldung: Spire Corporation Reports Increased Revenues

* Solar equipment sales increase 289 percent for the year.
* Spire shows sixth consecutive year of revenue growth and is profitable.

Spire Corporation (Nasdaq: SPIR - News) today reported revenues for the year ended December 31, 2005 of $22,422,000, a 30% increase from $17,278,000 for 2004, not including $6,320,000 and $3,000,000, respectively, of gains recorded in 2005 and 2004 from the sales of licenses. Net income for 2005, including the gain on the sales of licenses in both 2005 and 2004, was $44,000 or $0.01 per share, compared with a net loss of $4,120,000 or $0.60 per share for 2004.

Spire"s revenues for the fourth quarter ended December 31, 2005 were $6,413,000, an increase of 50% from $4,262,000 in the fourth quarter of 2004. Net loss for the quarter was $1,645,000 or $0.23 per share compared to a net loss of $2,222,000 or $0.32 per share for the fourth quarter of 2004.

Roger G. Little, Chairman and CEO of Spire, said, "Revenues for 2005 mark the sixth consecutive year of revenue growth for the Company. This growth is attributable to our strong position in the solar industry, particularly our ability to provide customers with fully integrated solutions to their photovoltaic needs. Solar equipment sales increased 289% from 2004 reflecting the delivery of four SPI-LINE photovoltaic module assembly lines."

Mr. Little continued, "In addition to growth in our solar equipment sales, other highlights for the year included increases in our vascular access products and government funded research and development activities. Net earnings for 2005 increased $4,164,000 from 2004, primarily due to the sale of a license related to our solar technology, the increase in sales and revenues and a gain recognized on the unearned purchase discount associated with our Chicago operation."

"We continue to see increased interest in our solar equipment and vascular access product lines and are focused on converting these continuing opportunities into revenue gains and improved profitability," concluded Mr. Little.

ABOUT SPIRE CORPORATION

Spire Corporation is a diversified technology company providing innovative solar energy manufacturing equipment, biomedical devices and optoelectronic components. Spire offers full, turnkey solutions for wafer, cell and module manufacturing equipment for the solar photovoltaic industry worldwide. For more information visit www.spirecorp.com.

SPIRE CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended Year Ended
December 31, December 31,
------------------------- -------------------------
2005 2004 2005 2004
----------- ------------ ----------- -----------
Net sales and
revenues $ 6,413,000 $ 4,262,000 $22,422,000 $17,278,000
------------------ ----------- ----------- ----------- -----------
Gain on sales of
licenses -- -- 6,320,000 3,000,000
----------- ----------- ----------- -----------
Earnings (loss)
from operations (1,602,000) (2,163,000) 348,000 (3,844,000)
------------------
Other expense, net (43,000) (59,000) (304,000) (276,000)
----------- ----------- ----------- -----------
Earnings (loss)
before income
taxes (1,645,000) (2,222,000) 44,000 (4,120,000)
Income tax benefit
(expense) -- -- -- --
----------- ----------- ----------- -----------
Net income (loss) $(1,645,000) $(2,222,000) $ 44,000 $(4,120,000)
------------------ ----------- ----------- ----------- -----------
Earnings (loss)
per share of
common stock -
basic $ (0.23) $ (0.32) $ 0.01 $ (0.60)
------------------ ----------- ----------- ----------- -----------
Earnings (loss)
per share of
common stock -
diluted $ (0.23) $ (0.32) $ 0.01 $ (0.60)
------------------ ----------- ----------- ----------- -----------
Weighted average
number of common
and common
equivalent shares
outstanding -
basic 7,214,501 6,846,334 6,975,347 6,809,462
----------- ----------- ----------- -----------
Weighted average
number of common
and common
equivalent shares
outstanding -
diluted 7,214,501 6,846,334 7,237,129 6,809,462
----------- ----------- ----------- -----------



SUMMARY OF CONDENSED CONSOLIDATED BALANCE SHEET

December 31,
2005
------------
Assets
---------------------------------------------------------
Current assets $11,398,000
Net property and equipment 4,516,000
Other assets 2,038,000
-----------
Total assets $17,952,000
-----------
Liabilities and stockholders" equity
---------------------------------------------------------
Current liabilities $ 6,129,000
Total long-term liabilities 2,568,000
Stockholders" equity 9,255,000
-----------
Total liabilities and stockholders" equity $17,952,000
-----------

Certain matters described in this news release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company"s Form 10-KSB filed with the Securities and Exchange Commission.


Contact:

Spire Corporation
James F. Parslow, 781-275-6000
Chief Financial Officer

Source: Spire Corporation
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