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Akeena Solar Announces Third Quarter 2009 Results

Akeena Solar Announces Third Quarter 2009 Results

Akeena Solar, Inc. (Nasdaq:AKNS), a leading designer and installer of solar power systems, announced results for the third quarter ended September 30, 2009.

“Our third quarter results demonstrate the growing demand for residential solar installations and the improving leverage in our business model,” said Barry Cinnamon, president and chief executive officer of Akeena Solar. “The benefits of our differentiated Andalay panels and lower Andalay installation costs drove gross margin to 24.7%, double last year’s level, and up nicely from 19.7% in the second quarter. Tighter expense management continued and we reduced cash burn to $2.1 million. We ended the quarter with a backlog of $8.3 million, up from $7.5 million at June 30th.”

Cinnamon continued, “During the quarter, we continued advancing our strategy to diversify our revenue streams and scale our business. These initiatives are intended to create a platform for continued revenue growth in 2009 and beyond, while moving us closer to cash flow breakeven. We are making progress expanding our distribution of Andalay panels into four new channels: direct sales to solar installers in the U.S., sales to the low-income housing and new home construction markets, sales to solar installers in Europe and sales to big box retailers.

“Earlier this month, Andalay AC solar panels were named a winner of a Popular Mechanics Breakthrough Product Award, which showcases world-changing innovations. The racking, wiring, grounding and inverters built into Andalay AC panels allow both experienced installers and do-it-yourselfers to install a high performance rooftop solar power system safely and easily. Because of their simplicity and safety, we believe Andalay panels will be a natural fit with big box retailers, and we are advancing our strategy to penetrate that market. Sales to installers are growing steadily; in the quarter, we sold Andalay AC to 29 installers in 15 states and Canada, booking sales of $400,000.”

Concluded Cinnamon, “In all, our strategy to diversify our revenue streams is unfolding according to plan. Though clearly still in the early stages, opportunities in each of the four distribution channels appear very promising. Tight cost controls and continued financial discipline are improving our profitability as we transition the business to a more rapidly scalable model. We are optimistic that 2010 will bring a resumption of revenue growth.”

Third Quarter Financial Results

Net sales for the third quarter of 2009 were $7.7 million compared to $10.6 million in net sales in the third quarter of 2008, and $5.9 million in the second quarter of 2009. The decline in the third quarter compared to the same quarter last year reflects a decline in commercial revenue due to the tight credit market and overall economic conditions. The increase from the second quarter reflects a higher level of residential sales. Residential installations were $6.8 million in both the third quarter of 2009 and the third quarter of last year and $4.7 million in the second quarter of 2009. Commercial sales were $484,000 in the third quarter of 2009 compared to $3.1 million in the third quarter of 2008, and $665,000 in the second quarter. Net sales for the first nine months of 2009 were $21.2 million, compared to $29.9 million in the same period last year reflecting a decline in commercial revenue of $9.5 million and the absence of East coast and Colorado residential installations.

Gross profit for the third quarter of 2009 was $1.9 million, or 24.7% of sales, compared to $1.3 million, or 12.7% of sales, in the third quarter of 2008 and $1.2 million, or 19.7% of sales, in the second quarter of 2009. The increase in gross margin compared to the third quarter last year reflects primarily lower panel prices in the third quarter and lower direct labor costs due to efficiencies gained with Andalay panels, offset somewhat by lower average system prices. The increase in gross margin compared to the second quarter of 2009 reflects lower panel prices and higher subcontractor costs in the second quarter associated with our exit from the Colorado direct installation business. For the first nine months of 2009, gross profit was $5.3 million, compared to $4.8 million for the same period last year; gross profit margin for the first nine months of 2009 was 25.1% compared to 16.1% last year, primarily due to lower panel prices and lower direct labor costs, offset somewhat by lower average system prices.

Total operating expenses for the third quarter of 2009 were $5.1 million compared to $6.8 million for the same period last year, and $4.3 million in the second quarter of 2009. Compared to the third quarter of 2008, the $1.7 million reduction consisted of lower sales and marketing expenses of $874,000 and lower general and administrative costs of $878,000, reflecting the full impact of cost cuts made in the fourth quarter of 2008 and the first quarter of 2009. Stock-based compensation expense was $862,000 in the third quarter of 2009 compared to $1.1 million for the same period last year and $458,000 in the second quarter. Cash operating expenses (adjusted for stock-based compensation expense and depreciation and amortization expense) were $4.0 million in the third quarter of 2009 compared to $5.6 million for the same period last year and $3.7 million in the second quarter of 2009. Total operating expenses for the first nine months of 2009 were $15.1 million compared to $20.1 million in the first nine months of 2008.

The number of employees at quarter end was 137 full time equivalents, an increase from 125 at the end of the second quarter of 2009 and a decrease of 71 from 208 at September 30, 2008.

Net loss for the third quarter of 2009 was $2.4 million, or $0.07 per share, compared to a net loss of $5.5 million, or $0.19 per share, in the third quarter of 2008, and a net loss of $4.7 million, or $0.14 per share, in the second quarter of 2009. The third quarter net loss includes a favorable $758,000 non-cash adjustment to reflect the fair value of common stock warrants accounted for as a liability in accordance with provisions of the warrant agreements. Excluding the adjustment to the fair value of warrants, net loss for the third quarter of 2009 was $3.2 million, or $0.09 per share, an improvement of $0.10 per share compared to the third quarter of 2008 due to operating expense reductions of $1.8 million and the increased gross profit.

Net loss for the first nine months of 2009 was $12.2 million, or $0.39 per share, compared to net loss of $15.2 million, or $0.54 per share, for the same period last year. The non-cash adjustment to the fair value of common stock warrants for the first nine months of 2009 was $2.3 million. Excluding the adjustment to the fair value of warrants, net loss for the first nine months of 2009 was $9.8 million, or $0.31 per share, an improvement of $5.3 million or $0.23 per share compared to the same period last year, due to operating expense reductions of $5.5 million.

Installations for the quarter amounted to approximately 1,027 kilowatts compared to approximately 1,290 kilowatts in the same quarter last year and approximately 716 kilowatts in the second quarter of 2009. Backlog as of September 30, 2009 was $8.3 million reflecting primarily California residential sales.

Cash and cash equivalents at September 30, 2009 were $7.2 million. The $1.0 million cash-backed line had no balance drawn as of quarter end.

Why We Need Self-Storage When We Have Removal Companies

Why We Need Self-Storage When We Have Removal Companies

Usually, there is no point in wasting money on self-storage when you hire a removal company because the latter will storage everything for you. On the other hand, you won’t be able to have entire disposal of your belongings as you will should you choose self-storage services. So, if you need to use your things during the removal process and you can’t store them all in your new place because of the renovations that will take place there, self-storage is just the thing for you.

Self-storage proves to be a really good choice for a lot of people who insist on having access to their property even before they settle down in their new place. Not only does it provide you with a 24/7 access to your stuff, but it also turn out to be cheaper. That is so because a lot of removals companies do offer storage as service but it is bundled with the removal service and the price is often higher than it would be if you choose to self-store.

As you know there are special buildings adapted for the purposes of self-storage. It is consisted of rooms different in size according to your needs and the amount of things you have in your possession and would like to store in the room in question. It is a very well organized system but do pay attention to the rental periods they have. They, of course, also vary in unison with the diversity of self-storage services on the market. Check out self-storage downtown Brooklyn for all of your storage needs.

For example, the minimum of the rental term can be a day which is all right but the maximum can be only a week which sometimes is not enough. For that reason, you need to estimate very carefully for long exactly you will need to use your storage room. If you don’t do that you risk falling in the trap of the early move out fees. That means you will have to pay additional money if you have booked a room for, say 8 days, but have used it for 5 only. In other words you will have to pay for days you won’t use and that would be a pity.

All of that means that if you’re not sure about the period you’ll need to use a storage room you can take advantage of the pay-by-the-day option they have. In that way you’ll pay for just the time you’ll have occupied the storage room- no more, no less.

Storage companies are a very good alternative if you don’t want to have all of your possessions out of reach when you need them most during the moving process; and especially if you don’t see the benefits of them taking over the new place before the renovation even began. A storage company in such a situation will offer you comfort and safety. Not to mention all the little extras they all go with. Some can provide you with Wi-Fi connection, other ones have refreshments which are for free of course, and not to mention the bonus scheme you can benefit from- the more people you get to use the company’s services the more extras you’ll get, be it a discount or something else. And that is something you don’t always get with removals companies. So, don’t think twice if you need to storage.

CrossFit Number One

CrossFit Number One

The conditioning and health galaxy has received several fresh styles growing almost overnight. Extremely mind-numbing diets and novelty -like exercise applications built a huge dash and then fall flat on the faces once the next big thing comes around. A few years ago, Pembroke Pines CrossFit became the greatest and hottest phenomenon within the exercise globe, along with a large amount of market commentators waited for the face first slip of CrossFit. Unfortunately, or luckily – for them trainees and it embraced along with the plan turned another popular spectator sport much like Formula One.

CrossFit is an extreme physical fitness system that combines weightlifting, body-weight exercises, exercising, and aerobics under one top to aid military workers, issue exercise fans, and players towards the professional-level in the novice. For the Bob Doe that is typical, there be like a viva might a trustworthy medical health insurance ample to address their individual medical needs. But supply an exclusive medical health insurance with workout, plus it can do wonders for you. The training routine might seem scary at first, however you do not have to be in outstanding shape to begin a CrossFit program by using St. Leonard semi-private training. These exercises are versatile that it may be modified for your own amount of encounter and fitness, to help make the many from the program’s strengths.

How a Benefit-Rich Headline Can Build Your Web Business

How a Benefit-Rich Headline Can Build Your Web Business

A strong, enticing headline is the single most important element of

your fitness Web marketing copy. It is the opening statement and first impression you make.

Because Web pages’ load from the top down, place your headline right at the top of the page so it can be read while the rest of the elements fall into place. If you have a lot of graphics that need to load, your headline should give your site visitors enough reason to wait.

Imagine your Web page is a blind date for every first-time visitor who comes to your site. Your headline MUST make the right first impression immediately, or new visitors will want nothing more than to click away just as fast as they can. After all, they don’t yet know how wonderful you are!

 

Obviously your headline cannot be all things to all people (and you wouldn’t want to date everyone either…), but it can and should speak directly to those people you most want to reach.

Your headline has a single task: to ARREST the attention of your target market. If your target market is ‘doctors’, then use the word ‘doctors’ in your headline. There’s a funny saying:

“Enough about you… let’s hear about me.”

That’s your site visitor talking. These words tell you everything about how to craft your headline, and the more specific and targeted you make it, the better.

Your headline should serve as an ad for the rest of your Web copy, clearly delivering a ‘distilled’ version of what they are about to discover in the body of your text.

Here’s how to find the right headline like an experiential marketing agency in Orlando:

Tell your target audience the most important benefit you are offering them.

That’s it.

Finally, keep in mind that your customer is never buying a product or service. They are actually buying a key benefit that makes their lives better.

Studies show the right headline can increase response to an offer exponentially, which is a good reason to test different headlines until you find your ‘killer’. Once you’ve got it, it’s the key to your success.

 

Forex software

Forex software

Forex or foreign exchange is amongst the many profitable trades in the market. However, this investment venture isn’t easy as it sounds. Numerous people make losses every day, whereas a small fraction makes a profit. Forex traders must be unemotional, smart and vigilant if they are to reap maximum profit. Ever heard about the forex software? An investor cannot constantly be vigil and wait for an opportunity to make profit out of selling or purchasing forex. Forex software has gained widespread acceptance as it requires minimum trader’s presence. Generally, forex software scans the currency trades in two ways. It can be through parameter programming or the pre-set parameters. This means you can turn off the software when you are on your computer and activate it when you are away.

Who can use forex software?

This is among the commonly asked questions when it comes to forex software. Anyone can use this software. This ranges from veterans, beginners and experience foreign exchange traders. Forex programs vary in terms of prices and sophistication levels. Some programs offer a demonstration model, whereas others offer a limited trial period for a person to familiarize himself with the foreign exchange process and the program.

Forex applications have their own downsides. Users shouldn’t expect to make successful trades after the forex software alerting a person to go ahead and trade. This mostly affects beginners in the forex trade. Investors should make a couple of consultations before transacting commencing any transaction.

How does forex software work?

Are you still curious on how the trading software works? This part is worth paying keen attention. Generally, forex software is a computer programmed application that analyzes numerous charts and tables regarding foreign exchange trade. This software interprets the price news and trends that influence the forex market. Forex investors have a habit of trading based on psychological and emotional influences.  This habit is dangerous at some point and an investor risks losing a lot of money if not careful. Studies indicate almost half of the forex investors incur huge losses at some point. Forex software minimizes this risks as it automatically reacts with every trade and move in the market. This makes it an ideal tool to use in evaluating the right period to transact.

Investors have other important obligation and errands to run. This is frustrating for serious investors and traders. Numerous forex softwares have an automated feature.  You no longer have to spend numerous hours analyzing charts, studying the market or checking out events that could affect the market. An automated system goes an extra mile than just analyzing the market. It checks out the potential transacting opportunity. This occurs after ensuring the right elements for making profits are available. This system works 24 hours a day. Additionally it operates with minimum or no human supervision. An automated forex system is perfect for beginners as they are not familiar with the elements needed to make profit. They are numerous positive reviews praising the automated forex system for helping them make profits.

These are some of the reasons you should consider forex software for trading.

Rules of Photography

Rules of Photography

As with most photography, there are some variables to keep in mind. First, the sunlight must be bright, with little or no haze. If you’re shooting on sand, snow or with a bright building around, you will have to stop down. On the other hand, if you are shooting on a cloudy or overcast day, you will have to compensate by opening up. If your subject is not front lit, i.e. back lit, side lit, etc. you will also have to make exposure compensation (see the variable chart). Keep in mind your subject’s tonal brightness. A white or light colored subject requires less exposure than a dark subject. Remember that your in-camera exposure meter is calibrated for average subject tonal contrast of approximately 18% gray. When the meter reads a scene, it tells your camera to exposure the subject as an average tonal scene. You as the photographer must learn to see your subject’s brightness and expose correctly.

Once you know and understand the variables of the “sunny f 16 rule” you can begin to “out think” your photo booth rental company camera’s built-in exposure meter. In fact, the rule comes in handy to check the accuracy of all your light meters.

I know a lot of professional photographers who don’t use light meters at all. They have the ability, in the studio or on location, to see the subject’s tones, the subject’s lighting, the subject’s size and then compute the correct exposure, given any ISO rating, in their head. This takes years of experience and begins with a thorough understanding of the “sunny f 16 rule”.

Payless Packaging Supply

Payless Packaging Supply

a discount distributor of shipping and packaging supplies.same day delivery.best quality. self storage units annapolis.
after all is said & done the best price & service makes the difference!the most cost effective, quality packaging for your application.

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• 16” stretch wrap 16.5 micron 4rolls/case 1500ft/roll $28.50/case
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• laytex gloves powder free 100gloves/box $4.26
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we specialize in esd packaging. we stock a diverse selection of packaging products and materials such as pink and clear anti-static
polyethylene bags,static shielding bags,moisture barrier flat & zipclose bags,square bottom covers & gusset bags and cushin pouches.
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3-layer static shielding, cushioning, anti-static poly bags, designed for providing the optimum esd protection to static sensitive devices.
all our anti-static products meets fed. mill spec.

stretch wrap
we offer both ”blown” and ” cast” films!our films provide: superb elongation,excellent load stability,impressive tensile strength, reliable cling simply the best film for the lowst price.
unlike many stretch film suppliers, we are not limited to one manufacturing procedure. we have the film will best suit your application.

air bubble roll cushioning
our bubble wrap provides the ultimate in protection from shock , vibration and obrasion with extreme light weight.we stock bubble wrap in 48” and 72” bundles with free perfration and free slit.
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a lightweight material to fill in corners and keep products centered in cartons. we offer the regular and anti-static in 14 cub bags.
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we stock over 5000 brown corrugated cartons and 2000 white cartons. all sizes are rsc200# test.
best price in pallet quantities.

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plastic twine (polypropylene sythetic twine),
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special: cotton twine 2 1/2 lb cone, in 6ply to 24 ply $7.20/cone

strapping
we carry over 20 different sizes in three colors (white,black,yellow) polypropylens strapping. core sizes 8”x8” core and 8”x9” core.
special 3/8” strapping 8”x8” core or 9”x8” core $38.50

foam roll cushioning
a low density polyethylene foam available in all sizes and thicknesses up to 72” wide. free perfration and free slit.also available in padded inner pouches, thick and thin foam pouches with flap and no flap.
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Escaping for a Trip of a Lifetime

Escaping for a Trip of a Lifetime

Beneath the miles of turquoise blue waters lie immense stretches of reef, thick with over 400 species of coral and even more species of fishlife. Caverns home large groupers and graceful sea fans, walls are strung with all manner of marine life, and Fiji’s abysmal depths are the stomping grounds of reef sharks, manta rays, dolphins, pilot whales and the occasional humpback. A diving adventure in Fiji weaves the magic of land, people and sea into a tapestry thick with meaning and memories. This is Fiji’s unique charm.

Fijians have been called the nicest people on earth. Hospitable and curious, the local Fijian people welcome visitors with bowls of kava, a heady yaquona root brew, that they ceremoniously share with their guests. Fiji is safe, the islands have no malaria or other dangerous tropical diseases. Their beaches and rain forests are lush but tame: no box jellyfish, no stinging plants, leeches, or deadly spiders and snakes.

When you come to Fiji, bring an open-mind to a culture and land that will inevitably make a memorable vacation in this truly magical place. Those who visit her shores are treated as an honored guest and friend, not just another tourist. Come and appreciate the Fijians’ gracious hospitality and return it with kindness and respect.

Long known as the ” Garden Island of Fiji “ because of its lushness of vegetation, Taveuni is an island that for many, epitomizes the South Pacific dream. Stunning white sand beaches, swaying coconut palms, rugged cloud covered mountain ranges, dense tropical rainforests, unique flora and fauna, crystal clear streams, cascading waterfalls, and colorful fish filled reefs abound. Taveuni is a landmark for divers, famous for its soft coral covered walls, multitude of reef fish and large numbers of pelagics. Scuba diving in the Somosomo Strait is said to be “…unequaled anywhere else in the world”.

Beqa Island in southern Fiji is rich in tradition and culture and remains one of the last untouched islands of the South Pacific. Beqa ( pronounced Benga ) is home to the legendary firewalkers. The only resort on this mystical is Marlin Bay Resort, located on a beautiful white sand beach overlooking Beqa Lagoon. Fringed by palms and magnificent tropical foliage, exotic wild parrots and soft Pacific breezes, this setting is a perfect retreat from the stresses of contemporary life. Marlin Bay Resort has 12 opulent beachfront bures decorated with the perfect balance of Fijian elegance. With over 100 dive sites just a short 15 minute boat ride from the resort, it is not difficult to understand why the Beqa Lagoon is rated as one of the top dive destinations in the world today, rivaling some of the best fishing charters in Islamorada, FL.

Materials for Your Home

Materials for Your Home

Signed a authorization request from lumber yard to obtain a lien on the house in the event of a payment issue regarding materials. Badly. Once the project started the trusses were ordered. Shortly there after we received a letter from the lumber yard asking for a permission of lien in the event of a failure to pay. We signed this and returned it to the lumber yard.

This eventually gave the lumber yard permission to place a lien on our home for the price of all materials delivered (both paid and unpaid) when we questioned the builder’s costs of changes and additional materials. This lien, actually gave our builder a way to charge us for excess materials delivered to our site that were either improperly used and discarded. He also attempted to use this as a way to obtain additional funds for work that was not authorized. Should have paid the lumber yard in full for the materials with a check and not signed the request for permission to lien. This was one of the single worst things we did.

From there as materials were shipped to the site, pay for them as required by the lumber yard. However, in this way, they can’t just easily file a lean against your home and force you to pay.  This of course would be handled by an estate management expert.

Authorized Software for Authentic Rankings

Authorized Software for Authentic Rankings

You may have come across some software that promise automated search engine optimization and submission process to relieve you from the entire tedious task. We request you to steer clear of those pranksters. Otherwise, you could be labeled as spammer.

SEO firms may choose to use software for the purpose of researching keywords, monitoring search engine ranks, analyzing traffic, link checking, reciprocal link management, search engine submission etc. But search engines do not like automated submission.

Monitoring of the search engine positions is vital to every SEO campaign for estate management and it is nearly impossible to do that manually as it can be very time-consuming. There are some rank checking and monitoring software that are quiet safe if used at certain intervals. But, there are some that use the search engine resources heavily and eventually slow down their functioning. When you choose an SEO firm, ask them about the software they use for rank monitoring and make sure they are safe.