LONDON (Alliance News) - ProPhotonix Ltd, the LED lighting and laser diode company, said Monday it received an order for EUR1 million of laser diodes from an industrial manufacturer.
The group didn't disclose the name of the industrial manufacturer, but said that delivery will occur through to June 2016.
ProPhotonix consists of two business units: an LED systems manufacturing business based in Ireland, and a laser modules production and laser diode distribution business in the UK.
Last month, the group said it had begun 2014 with the "strongest ever" backlog at its business units, and gave a confident outlook for the year ahead, highlighting that it expects first-half revenue for the current financial year to be in the range of USD7.8 million and USD8.2 million. For the six months ended June 2013, it reported revenues of USD7.4 million.
ProPhotonix shares were down 15% Monday morning at 1.80 pence.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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