Integral Vision announces second-quarter results
AUGUST 19--Integral Vision Inc. (Farmington Hills, MI; www.iv-usa.com) has announced financial results for its fiscal second quarter ended June 30, 2004.
AUGUST 19--Integral Vision Inc. (Farmington Hills, MI; www.iv-usa.com) has announced financial results for its fiscal second quarter ended June 30, 2004. Revenues for the second quarter were $177,000, and the net loss for the company was $776,000 or $0.06 per share.
"We expected to deliver several larger systems in the second quarter that were delayed into the third quarter. The first system in a multiple system order has been shipped, and several additional systems should be delivered this quarter. Based on our present backlog and anticipated orders our shipments should be substantial for the rest of this year, and we should be cash flow positive. Our quoting activity is high, and we believe we will be the primary inspection source for the majority of the microdisplay industry including LCoS (Liquid Crystal on Silicon), DMD (Digital Micromirror Devices), and HTPS (High Temperature Poly Silicon)," said Charles J. Drake, chairman and CEO of Integral Vision Inc.
Integral Vision is an ISO 9001 registered firm, offering machine vision-based inspection systems to the industrial manufacturer. The company is a supplier of machine-vision systems used to monitor or control the manufacturing process. Vision systems are used to supplement human inspection or provide quality assurance when production rates exceed human capability.