Great results26 Aug 2014 08:38
http://goo.gl/7dsmhh
Financial Highlights
· Revenue increased 13% to $8.3 million (1H 2013: $7.4 million)
· Revenue increased 11% for Laser diode modules and diodes and 15% for LED systems
· Gross profit increased 8.0% to $3.2 million (1H 2013: $3.0 million)
· Gross profit margin decreased to 38.5% (1H 2013: 40.4%)
· Operating loss decreased to $0.1 million (1H 2013: loss of $1.1(1) million)
· EBITDA of $0.1 million vs. loss of $0.9(1) million in 2013
· Order bookings of $8.6 million (1H 2013: $8.4 million)
· 1.03 Book-to-Bill ratio from existing and new customers
· Percentage revenue by market sectors: industrial 74%, medical 17%, and security & defense 9%
· Percentage revenue by geography: 49% Europe, 32% North America and 19% Rest of World
· Cash balance of $0.3 million (June 30, 2013: $0.7 million); available credit lines of $1.8 million.
(1) Includes restructuring and non-recurring costs of $582,000