JULY 15, 2008--With sales of approximately $120 million per year, the digital imaging group of DALSA Corporation (Waterloo, ON, Canada; www.dalsa.com) has reported that positive results over recent quarters are continuing with particular strength. This division provides high-performance cameras, frame grabbers, and image processing for machine-vision, industrial-inspection, automation, test-and-measurement, and life-sciences applications. In addition, DALSA's semiconductor business continues to demonstrate its strong position in key target markets, with operating results reflecting that strength.
"During these past weeks of general market malaise and economic uncertainty, I am concerned that our company's shareholders may be incorrectly associating stock market softness with DALSA's opportunities. Our strong operational recovery over the past two quarters continues to be supported by the product and market success we enjoy," commented Brian Doody, chief executive officer of DALSA.
"We are very pleased with the continued strength of our end markets, with specific market and product highlights within our digital imaging group," continued Doody. "In flat-panel-display inspection, for example, we have seen more than a doubling of shipments in both the first and second quarters of 2008, and in the past several weeks we have continued to see strong booking levels."
Commenting on DALSA's other business units, Doody noted, "Our semiconductor division tabled a plan for strong growth and recovery to its financial model for 2008, and I am very happy to see its success in that regard already demonstrated; I expect it to continue as we move through the rest of the year. Looking to digital cinema, our work with Genuity Capital Markets to identify a strategic partner for that business is proceeding well. We look forward to providing more detail of how these positive developments are benefiting our overall operations when we announce our Q2 results on July 31."
Since announcing strategic actions in September 2007 to improve operating results, the company reported Q4 2007 and Q1 2008 results that showed year-over-year quarterly revenue increases of 9.3% and 20.6%, respectively. Net income growth exceeded 35% year-over-year, in both periods.
DALSA will release its second-quarter 2008 financial results on Thursday, July 31, at 4:00 pm ET. A conference call to discuss the results will be held the same day at 5:00 pm ET.