APRIL 25--StockerYale Inc. (Salem, NH; www.stockeryale.com), a provider of photonics-based products, disclosed its financial results for the first quarter, ended March 31, 2003.
APRIL 25--StockerYale Inc. (Salem, NH;www.stockeryale.com), a provider of photonics-based products, disclosed its financial results for the first quarter, ended March 31, 2003. Net revenues increased 24% from $2.9 million in the first quarter of 2002 to $3.6 million in 2003 from higher laser, LED, and specialty fiber sales. Net loss was reduced from $4.5 million to $2.1 million over the same period from a substantially lower cost structure, as well as higher revenues.
Illumination and specialty-fiber revenues increased $1.0 million or 44% over the comparable period in 2002 despite a modest decline in phase mask sales and the elimination of printer and recorder revenues resulting from the transfer of this product line to an outside distributor in the fourth quarter of 2002. Structured-light-laser sales from Montreal and initial shipments of recently announced major orders from Ireland (LEDs) and Singapore (advanced imaging systems) were the principal factors driving the illumination gain.
Voice Your Opinion
To join the conversation, and become an exclusive member of Vision Systems Design, create an account today!
