PV module assembly equipment specialist Spire Corporation has reached out to Massachusetts-based investment bank Mirus Capital Advisors in order to explore alternative measures for the company — including measures such as the potential sale of Spire and/or some of its assets.
Spire has struggled as of late, with the company failing to display its financial filings from 2014 due to the departure of its former CFO in January 2015.
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The company noted that it anticipated an operating loss of between US$7.7 million and US$7.8 million in 2014, with a net loss between US$5.8 million to US$5.9 million, compared to a net loss of $8.5 million in 2013.