Struggling PV module assembly equipment specialist Spire Corporation said 2014 financial filings would be delayed due to the exit of its former CFO in February.
The company also noted that the delay in filing financial reports was because management of the company was devoting a lot of time to dealing with financial and liquidity issues.
However, Spire said that it expected full-year 2014 revenue to be in the range of US$9.8 million to US$10.4 million, compared to US$14.6 million in 2013.
The company expected an operating loss of between US$7.7 million and US$7.8 million in 2014, with a net loss in the range of US$5.8 million to US$5.9 million, compared to a net loss of $8.5 million in 2013.
Management reiterated it was continuing to seek routes to improve the financial position of the company, without providing further details.
Spire has received a few recent orders for PV manufacturing equipment.