MAY 26, 2014
Optos announced an operating profit of $500,000 for the first six months of fiscal year 2014, compared to a loss of $600,000 in the same period last year.
The company also announced revenue of $72.7 million for the period, compared to $73 million in same period in 2013.
The overall installed base of ultra-widefield devices grew to 6,515, up 10 percent from the start of this year and 27 percent from the same time last year. Gross margins increased from 59 to 60 percent and net debt decreased by $20.3 million from the previous year to $35.5 million. The company cited particular success with its Daytona ultra-widefield imager.
“We expect a significant second-half weighting to our business,” said Roy Davis, Optos CEO. “As we progress through this period, the visibility in our order book, coupled with an ongoing focus on reducing the cost of Daytona and improving operational effectiveness, suggests we are well-positioned to meet expectations for the full year.”