Burnaby-Based Day4 Energy recently released its Q2 financial results recoding revenues of $44.8 million increased by $39.1 million or 685% from the same period in 2009 and by $21.9 million or 95% from the prior quarter. Much of this growth was due to sales from its German subsidy adjustment on July 1, 2010.
“Throughout the second quarter we concentrated on building a number of fundamental components of our business that are required to reach the ultimate goal of sustainable long-term operating profitability,” said George Rubin, President of Day4 Energy. “In addition to realizing the strongest sales quarter in our history with revenues of $44.8 million, another really significant event of the quarter was the progress we made in our long-term transition to a solution provider business model. We believe that, when completed, this transition will significantly alter the company’s revenue model with higher profit margin sales and royalty streams becoming an increasingly larger component of the company’s revenue mix over time.”
D4 Energy Q2 Highlights:
Surpassed previous high set in the fourth quarter of 2009 and diversified revenues with almost 20% of total revenues generated outside of our core market in Germany;
Completed the expansion of our production capacity at Jabil to 10MW per month or 120MW annualized and transitioned most of our production output to the next generation Day4 Guardian Technology(TM) 60MC-I modules with intelligent shade protection;
Completed construction of two power projects for a total of 2.5MW and $7.6 million in revenues in record time of less than six weeks, expanding our turnkey power project business and contributing positively to our profit margins; and
Signed two manufacturing and licensing agreements that are expected to come on-line in 2011 and would provide approximately 1.9 million Euros per year in royalty revenue to Day4.
Day4 Energy is a solar electric technology developer and supplier of premium solar energy solutions,
Dave "The Connector" Forde has been involved in the technology industry across Canada for over 10 years in sales and marketing roles. Part of my passion is to connect people and help to grow businesses. Chair of 
