AUGUST 17--PPT Vision (Minneapolis, MN, USA; www.pptvision.com) has announced financial results for the third quarter, ended July 31, 2006. Revenues for the third quarter were $1,377,000 compared to revenues of $1,317,000 for the same period in FY2005. Net loss from continuing operations for the third quarter of 2006 was $381,000 or $0.10/share compared to a net loss from continuing operations in the third quarter of FY2005 of $294,000, or $0.10/share.
For the nine-month period ended July 31, 2006, the company had revenues of $4,367,000 as compared with revenues of $4,409,000 for the first nine months of last fiscal year. The net loss from continuing operations for the nine-month period was $869,000 or $0.25/share in FY2006 compared to a net loss from continuing operations of $1,719,000 or $0.57/share for the same period in FY2005. Net loss from discontinued operations for the nine months ended July 31, 2005, was $55,000 or $0.02/share. There was no income or loss from discontinued operations for the nine months ended July 31, 2006.
"Total unit shipments of PPT Vision's IMPACT intelligent camera product line through the first nine months of FY2006 have exceeded the total IMPACT unit shipments in the entire FY2005," stated Joe Christenson, president of PPT Vision. "Furthermore, IMPACT unit volume in the third quarter of FY2006 increased by 48%, and IMPACT revenue increased by 34% in comparison to the third quarter of FY2005. Total revenue in the third quarter only increased by 4.5% in comparison to the prior year's third quarter, due to the fact that sales of our phased out, legacy products were $220,000 in the prior year's third quarter and zero in this year's third quarter," concluded Christenson.
PPT Vision designs, manufactures, and markets camera-based intelligent systems for automated inspection in manufacturing applications. The company's products enable manufacturers to realize significant economic paybacks by increasing the quality of manufactured parts and improving the productivity of manufacturing processes.