First Solar had net sales of $942m in the final quarter of last year, down $329m from quarter three.
The US company blamed the decrease on lower revenue from the 300MW Desert Stateline facility.
In addition, First Solar’s earnings per share were $1.60, compared to $3.41 in quarter three.
It said the decrease was due to lower net sales, a decrease in gross margins and higher operating expenses.
The company also announced its full year results, claiming record annual net sales of $3.6bn for 2015 on the back of annual bookings of 3.4GW.
First Solar CEO Jim Hughes said: “We exit 2015 with record annual revenues, record new bookings and earnings per share of over five dollars.
“As we look back to the 2015 targets first provided to investors at our analyst day nearly three years ago, we recognize that we have achieved the efficiency, cost per watt and earnings targets outlined at that time.”
He added: “We enter 2016 with tremendous technology, a strong pipeline and an ongoing commitment to achieve the long-term objectives we have communicated to our investors.”
Image: First Solar
