APRIL 7--StockerYale Inc. (Salem, NH; www.stockeryale.com), an independent provider of photonics-based products, will release first-quarter financial results on April 18, 2005. The company has indicated that revenues for the first quarter of FY2005 will range from $4.5 million to $4.6 million, representing a 7% to 9% sequential increase over the fourth quarter of 2004.
This growth in revenues was largely a result of stronger OEM sales in the company's laser products into the machine-vision market, primarily automotive- and lumber-inspection applications, as well as significant growth of specialty optical fiber for defense and communication applications. The company expects this trend to continue as bookings increased 10% over the fourth quarter of 2004 to $4.8 million.
Mark W. Blodgett, chief executive officer, stated, "Reflecting on the first quarter, the company continues to benefit from investments made in two of its core product lines--namely structured light lasers and specialty fiber. I am particularly encouraged by this quarter's fiber sales, which are beginning to gain traction with defense contractors. Both fiber order bookings and shipments exceeded internal plans for the quarter. Because lasers and specialty fiber represent the company's highest margin products, we expect an improvement in the company's financial performance."
