Roseville-based solar energy developer SPI Solar, which has been bleeding money, reported another sizable loss in this year's second quarter.
SPI lost $6.8 million, or 3 cents per share, for the quarter ended June 30, compared with a net loss of $2.1 million, in the year-ago period.
The latest negative numbers come on top of a loss of $3.1 million in the first quarter and a loss of $25.6 million, or 13 cents a share, for all of 2012.
Net sales in this year's second quarter totaled $4.2 million, a steep drop from $24.4 million in the second quarter of 2012.
SPI has cited numerous industrywide factors in its struggles, including a softening market and overproduction by Chinese solar-panel manufacturers.
In its latest quarterly financial report, SPI noted: "Prospects for new projects beyond the current pipeline continue to be impacted by financial lending and solar industry conditions in general."
Citing "difficult" industry conditions, SPI's repeated its recent stance that "providing a business outlook is not meaningful at this time."
In a Securities and Exchange Commission filing earlier this year, SPI warned of "substantial doubt as to the company's ability to continue as a going concern."
Call The Bee's Mark Glover, (916) 321-1184.