April 24, 2014 4:54 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of QSOLAR Limited

Company Overview

QSOLAR Limited develops, manufactures, and sells photovoltaic solar panels in Asia, Europe, and North America. It manufactures solar photovoltaic panels using its proprietary patented technology, SPRAYTEK99. The company’s products include QLX modules, QSS modules, QST modules, QSF modules, and QSRU modules. It also offers mounting systems, such as end and mid clamps. QSOLAR Limited has a strategic partnership agreement with ETI Dynamics Ltd. The company was founded in 2007 and is headquartered in Calgary, Canada.

West tower

Suite 2110

250 - 5th street SW

Centennial Place

Calgary, AB T2P 0R4


Founded in 2007



Key Executives for QSOLAR Limited

Total Annual Compensation: $104.5K
Chief Financial Officer
Age: 55
Total Annual Compensation: $115.0K
Chief Operating Officer and Sales & Marketing Director
Total Annual Compensation: $47.3K
Compensation as of Fiscal Year 2012.

QSOLAR Limited Key Developments

QSolar Limited Reports Earnings Results for the Year Ended December 31, 2013

QSolar Limited reported earnings results for the year ended December 31, 2013. For the year, the company reported a loss of CAD 7.61 million, or CAD 0.11 loss per share, for the year ended December 31, 2013, compared to a loss of CAD 2.36 million, or CAD 0.05 loss per share, for the year ended December 31, 2012. Revenues for the year ended December 31, 2013 were CAD 285,695, compared to CAD 1.72 million for the year ended December 31, 2012. Loss from operations for the year ended December 31, 2013 was CAD 7.67 million, compared to a loss from operations of CAD 2.36 million for the year ended December 31, 2012.

QSOLAR Limited Auditor Raises 'Going Concern' Doubt

QSOLAR Limited filed its Annual on Apr 11, 2014 for the period ending Dec 31, 2013. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

QSolar Limited Secures Two Additional Container Orders

QSolar has secured two additional container orders, the first container order representing a repeat solar panel order for Power Highway in Pakistan and the second container order is being shipped for Power Highway to the Middle East North African market. In addition, the Shanghai sales staff has sold a significant order of QSS 250 watt solar panels to a new customer in China. All shipments are currently being coordinated and are being shipped from inventory on hand.

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