DALSA doubles annual revenue in 2002 year-end results
FEBRUARY 7--DALSA Corporation (Waterloo, Ontario, Canada; www.dalsa.com) has reported its fourth-quarter and year-end financial results for the period ended December 31, 2002. Continuing with its strong earnings results throughout 2002, the company has reported fourth-quarter earnings that are consistent with previous goals and concluded its most financially successful year in its history. Once again, this quarter all major groups within DALSA, including the Semiconductor Products and Services Division and all units within the Digital Imaging group, returned positive operating results and contributed to the continued success of the company in the fourth quarter and in 2002.
The company reported net income for the 12 months ended December 31, 2002, of $11.5 million or $0.82 per share as compared to net income of $4.0 million or $0.33 per share in 2001. For the fourth quarter of 2002, net income was $3.4 million or $0.22 per share as compared to net income of $1.2 million or $0.10 per share in the same quarter of 2001.
For the current quarter, the Semiconductor Products and Services Business contributed $0.3 million to net income. For FY2002, the Semiconductor Business produced net income of $2.3 million, net of minority interest.
On October 3, 2002, the company purchased the remaining minority interest in DALSA Semiconductor from Zarlink to make DALSA Semiconductor a wholly owned subsidiary of DALSA Corporation; the dilution of net income due to the minority interest was eliminated subsequent to the end of the third-quarter 2002.