Private company

SPI Energy Co., Ltd.

SPI Energy Co., Ltd. is a semiconductors and related devices company based in George Town, Cayman Islands.2

Last updated Oct 20, 2026.

Overview

  • IndustrySemiconductors & Related Devices2
  • HeadquartersGeorge Town, Cayman Islands2
  • Incorporated inCayman Islands3
  • Business address4803 Urbani Ave., Mcclellan Park, Ca 956523
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formcompany limited by shares2
  • LEI549300K7TD5EMOM7D3332
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O Maples Corporate Services Ltd, KY1-1104 George Town, Cayman Islands2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

8.2%Gross margin4
-16.1%Operating margin4
-19.0%Net margin4
9.6%Revenue growth, 20224
-276.6%Return on equity4
0.54×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue92¢$163.0M
  • Research and development1¢$1.5M
  • Other costs6¢$11.0M
  • Income tax1¢$2.0M

Out of $177.5M in revenue.4 The company lost money this year.

Financial statements

Revenue56784$177.5M in 2022+55% since 2016
0$50.0M$100.0M$150.0M$200.0M2016: $114.6M$114.6M20162017: $121.5M$121.5M2017+6%2018: $125.6M$125.6M2018+3%2019: $97.9M$97.9M2019−22%2020: $138.6M$138.6M2020+42%2021: $162.0M$162.0M2021+17%2022: $177.5M$177.5M2022+10%
Gross profit56784$14.5M in 2022+20% since 2016
0$5.0M$10.0M$15.0M$20.0M2016: $12.1M$12.1M20162017: $10.1M$10.1M2017−16%2018: $11.1M$11.1M2018+10%2019: $7.2M$7.2M2019−35%2020: $16.9M$16.9M2020+134%2021: $10.6M$10.6M2021−37%2022: $14.5M$14.5M2022+36%
Operating income56784-$28.6M in 2022−69% since 2016
-$100.0M-$75.0M-$50.0M-$25.0M0$25.0M2016: -$91.6M-$91.6M20162017: -$9.3M-$9.3M2017−90%2018: -$3.0M-$3.0M2018−68%2019: -$19.2M-$19.2M2019+549%2020: $91.0K$91.0K20202021: -$41.5M-$41.5M20212022: -$28.6M-$28.6M2022−31%
Net income56784-$33.7M in 2022−85% since 2016
-$300.0M-$200.0M-$100.0M02016: -$220.7M-$220.7M20162017: -$91.1M-$91.1M2017−59%2018: -$12.3M-$12.3M2018−87%2019: -$15.3M-$15.3M2019+24%2020: -$6.5M-$6.5M2020−57%2021: -$44.8M-$44.8M2021+588%2022: -$33.7M-$33.7M2022−25%
Fiscal year2016201720182019202020212022
Revenue$114.6M5$121.5M6$125.6M7$97.9M8$138.6M8$162.0M4$177.5M4
Cost of revenue$102.5M5$111.4M6$114.5M7$90.7M8$121.8M8$151.4M4$163.0M4
Gross profit$12.1M5$10.1M6$11.1M7$7.2M8$16.9M8$10.6M4$14.5M4
Research and development$1.5M4
Operating expenses$52.1M4$43.1M4
Operating income-$91.6M5-$9.3M6-$3.0M7-$19.2M8$91.0K8-$41.5M4-$28.6M4
Interest$5.2M5$9.7M6$7.0M7$3.9M7$3.8M7
Income before tax-$43.4M4-$31.7M4
Income tax$606.0K5$137.0K6$332.0K7$92.0K8$458.0K8$1.5M4$2.0M4
Net income-$220.7M5-$91.1M6-$12.3M7-$15.3M8-$6.5M8-$44.8M4-$33.7M4
Earnings per share-$34.0011-$13.0011-$1.208-$0.408-$1.904-$1.304
Earnings per share (diluted)-$34.0011-$13.0011-$1.904-$1.304
Shares (weighted, basic)24.2M shares426.5M shares4
Shares (weighted, diluted)24.2M shares426.5M shares4

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What it owns

What SPI Energy Co., Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$53.0M4 Dec 31, 2022$47.1M4 Dec 31, 2021+12.7%
Accumulated depreciation$11.5M4 Dec 31, 2022$11.3M4 Dec 31, 2021+1.4%
Property and equipment, net$41.6M4 Dec 31, 2022$35.8M4 Dec 31, 2021+16.2%
Operating-lease assets (leased space)$14.2M4 Dec 31, 2022$13.9M4 Dec 31, 2021+1.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.5M4 Dec 31, 2022$9.8M4 Dec 31, 2021−63.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.9M4 Dec 31, 2022$4.9M4 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$2.6M4 Dec 31, 2022$3.4M4 Dec 31, 2021−24.6%
Finite-lived intangibles, gross$13.7M4 Dec 31, 2022$13.7M4 Dec 31, 20210%
Accumulated amortization-$9.7M4 Dec 31, 2022-$8.7M4 Dec 31, 2021−10.7%
Finite-lived intangibles, net$2.6M4 Dec 31, 2022$3.4M4 Dec 31, 2021−24.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$29.0M4 Dec 31, 2022$23.2M4 Dec 31, 2021+24.7%
Raw materials$4.6M4 Dec 31, 2022$2.7M4 Dec 31, 2021+71.7%
Work in process$1.5M4 Dec 31, 2022$582.0K4 Dec 31, 2021+162.7%
Finished goods$22.1M4 Dec 31, 2022$17.1M4 Dec 31, 2021+29.0%

Leadership

Who has led SPI Energy Co., Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Stephen C. Kircher2007–2011
  2. Xiahou Min2013–2015
  3. Dejun Ye2015

Chair

  1. Stephen C. Kircher2007–2010

President

  1. Terrell W. Smith2006
  2. Stephen C. Kircher2007
  3. Charlotte Xi Klein2013

Chief financial officer

  1. Glenn E. Carnahan2007
  2. Jeffrey G. Winzeler2008–2011
  3. Joseph Bedewi2010
  4. James R. Pekarsky2011
  5. Charlotte Xi Klein2013

Chief operating officer

  1. Bradley J. Ferrell2008
  2. Charlotte Xi Klein2013
  3. Hoong Khoeng Cheong2015
2010201520202025
Board members and other officers (21)

Former names

  • Solar Power, Inc.Oct 6, 2006 to Jan 4, 20163
  • WELUND FUND INCJan 2, 2003 to Sep 28, 20063

Timeline

  1. Sep 17, 20258-K Bankruptcy or receivership44
  2. Feb 11, 20258-K Entered a material agreement45
  3. Feb 5, 20258-K Executive or director change46
  4. Jan 15, 20258-K Listing notice or transfer47
  5. Jan 10, 20258-K Entered a material agreement; Regulation FD disclosure48
  6. Nov 21, 20248-K Listing notice or transfer; Regulation FD disclosure49
  7. Oct 23, 20248-K Regulation FD disclosure50
  8. Oct 17, 20248-K Listing notice or transfer51
  9. Aug 26, 20248-K Listing notice or transfer; Regulation FD disclosure52
  10. May 21, 20248-K Listing notice or transfer; Regulation FD disclosure53
  11. Apr 25, 20248-K Listing notice or transfer54
  12. Apr 22, 20248-K Listing notice or transfer; Regulation FD disclosure55
  13. Oct 27, 2015New chief executive Dejun Ye becomes CEO13
  14. Nov 18, 2013New chief executive Xiahou Min becomes CEO14
  15. Jan 4, 2007New chief executive Stephen C. Kircher becomes CEO15

Filings

62 filings to the SEC since October 2021: 4 annual reports, 6 quarterly reports, 26 major events, 26 other. The latest 20:

  1. Sep 17, 20258-K EDGAR
  2. Jun 25, 202525-NSE EDGAR
  3. Feb 11, 20258-K CURRENT REPORT EDGAR
  4. Feb 5, 20258-K CURRENT REPORT EDGAR
  5. Jan 15, 20258-K CURRENT REPORT EDGAR
  6. Jan 10, 20258-K EDGAR
  7. Nov 21, 20248-K EDGAR
  8. Oct 23, 20248-K EDGAR
  9. Oct 17, 20248-K CURRENT REPORT EDGAR
  10. Aug 26, 20248-K CURRENT REPORT EDGAR
  11. May 21, 20248-K EDGAR
  12. Apr 25, 20248-K EDGAR
  13. Apr 22, 20248-K EDGAR
  14. Apr 2, 2024NT 10-K 12B-25 EDGAR
  15. Mar 20, 20248-K CURRENT REPORT EDGAR
  16. Dec 26, 20238-K EDGAR
  17. Dec 18, 20238-K/A AMENDMENT 1 TO CURRENT REPORT FILED SEPTEMBER 26, 2023 EDGAR
  18. Dec 12, 20238-K EDGAR
  19. Nov 29, 20238-K CURRENT REPORT EDGAR
  20. Nov 20, 202310-Q FORM 10-Q FOR SEPT 2023 EDGAR

The 62 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How SPI Energy Co., Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSPI Energy Co., Ltd.1
  • CIK0001210618
  • Employer ID (EIN)20-49566381
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inCayman Islands1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3674 Semiconductors & Related Devices1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address4803 Urbani Ave., Mcclellan Park, CA 956521
  • Phone408 919 80001
  • Shares outstanding31,603,109 as of Nov 20, 202310
  • Public float$33.0M as of Jun 30, 20224
  • On EDGAR sinceJan 2, 20031
  • Filings743 in all: 8-K (173), 4 (94), 6-K (83), UPLOAD (39), 3 (35), 10-Q (30), CORRESP (26), 8-K/A (24)1
    All 59 form types

    NT 10-Q (22), 10QSB (15), 424B3 (15), SC 13D (14), SC 13D/A (14), NT 10-K (10), 10-K (9), DEF 14A (8), SB-2/A (8), SC 13G (8), 10-Q/A (7), EFFECT (7), 10KSB (6), 20-F (6), 20-F/A (6), PRE 14A (6), SC 13G/A (6), 4/A (5), 10-K/A (4), 10KSB/A (4), NT 20-F (4), REGDEX (4), S-8 (4), 424B5 (3), 8-A12B/A (3), DEF 14C (3), F-3 (3), PRE 14C (3), 6-K/A (2), CT ORDER (2), D (2), DEFA14A (2), F-3/A (2), POS AM (2), S-8 POS (2), SB-2 (2), SC 14F1/A (2), 10QSB/A (1), 10SB12G (1), 15-12G (1), 25-NSE (1), 3/A (1), 5 (1), 8-A12B (1), 8-K12G3 (1), CERTNAS (1), D/A (1), REGDEX/A (1), RW (1), S-1 (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Apr 14, 2023
    Quarterly report (10-Q) Nov 20, 2023
    Proxy statement (DEF 14A) Nov 1, 2023
    Latest 8-K (8-K) Sep 17, 2025

Sources

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