Navigation Links
Photonic Products Group, Inc. Reports Record Financial Results for FY 2007
Date:3/31/2008

NORTHVALE, N.J., March 31 /PRNewswire-FirstCall/ -- Photonic Products Group, Inc. (PHPG) today reported its consolidated, audited, financial results for its fiscal year which ended December 31, 2007.

Revenues in fiscal year 2007 were a record at $15,100,000 up 8.5% compared with $13,921,000 last year. Order intake for the year was our highest ever at $17,802,000 as was our year-end backlog of $9,672,000, up 34.0% and 38.4% from 2006, respectively.

Pre-tax income for the year was $2,130,000 compared to $793,000 in 2006, up 169%. Net income in 2007 was $1,880,000, after an income tax provision of $250,000. Net income in 2006 was $772,000, after an income tax provision of $21,000.

Gross profit of $5,959,000 was up 31% from $4,544,000 in 2006, as gross profit margin for the year improved to 39.5% from 32.6%. Income from operations increased to $2,397,000, up 161% from last year's $917,000.

Basic and diluted earnings per share, after accounting for the common stock dividend on preferred stock, were $0.19 and $0.13, respectively, in 2007, compared with basic and diluted EPS of $0.07 and $0.06, respectively in 2006.

Net cash flow from operating activities was $3,001,000 for the year, compared with $2,672,000 in 2006. For 2007, cash and cash equivalents increased $1,318,000 to $4,396,000 at year-end, after net cash outlays for debt repayments and redemptions of $1,893,000, and a decrease of $117,000 in customer advances. In 2006, cash and cash equivalents increased by $1,921,000, including net borrowings of $373,000 and an increase of $336,000 in customer advances, to $3,078,000 at year-end.

EBITDA(1) for the year rose to $3,545,000, up from $2,412,000 in 2006 and $1,485,000 in 2005.

The Company reported fourth quarter revenues of $4,042,000 this year, compared with revenues of $3,678,000 in the same period, a year ago. Pre-tax net income was $421,000 vs. $412,000 in the same period last year, the Company's tenth conse
'/>"/>

SOURCE Photonic Products Group, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related biology technology :

1. Professor Straufs research is Nature Photonics’ cover article
2. 3-D photonic crystals will revolutionize telecommunications
3. Glycominds Joins Biomolecular Photonic (BMP) Consortium to Develop New Molecular Imaging Technique
4. China Biopharma Reaches Agreement with a Regional Pharma to Launch New Pharmaceutical Products
5. Live Demos With Hydrogen, New Fuel Cell Products
6. China Biologic Products Announces One of Its R&D Projects Has Been Listed In National Torch Plan
7. Sirnaomics and GRL Establish Partnership for the Development of Two Multi-Targeted RNAi Therapeutics Products
8. iCAD to Feature New Products and Capabilities at European Congress of Radiology
9. New 300mg Loading Dose Tablet for Plavix(R) Receives Positive Opinion From the European Committee for Medicinal Products (CHMP)
10. China Biologic Products Commences Trading on OTC Bulletin Board
11. Baxter to Proceed With Recall of Remaining Heparin Sodium Vial Products
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/3/2015)... June 03, 2015 GEA's Panther™ ... which is a standalone, fully-equipped laboratory unit that is ... limited productions in pilot plants. The Panther™ NS3006L achieves ... compact design allows for easy installation with simple operation, ... This homogenizer can be used in many different industries, ...
(Date:6/3/2015)... 03, 2015 From smart street lighting ... part in enabling success in dealing with important Societal ... leaders helped bring focus to the role and further ... Photonics21 annual meeting last week in Brussels. ... held 28 and 29 May at the Hotel Le ...
(Date:6/2/2015)... - Shell today celebrated the North American launch of an ... exhibit the size of a city block in New ... and the public, and special appearances by industry leaders ... the best total engine protection by addressing three prominent ... corrosion. "With the launch of Shell V-Power ...
(Date:6/2/2015)... Global Stem Cells Group subsidiary Adimarket has been named ... the regeneration and repair of human organs and tissues. The ... expansion plans in Latin America, a commitment made to meet ... stem cell therapies. , Bioquark Inc. is ... to alter the regulatory state of human tissues and organs, ...
Breaking Biology Technology:GEA Announces the Panther™ NS3006L, a Self-Contained, Fully-Equipped Laboratory Homogenizer Well Suited for Pilot Plants 2Photonics21 Annual Meeting Focuses on Solutions for ‘Societal Challenges’ 2Photonics21 Annual Meeting Focuses on Solutions for ‘Societal Challenges’ 3New Shell V-Power NiTRO+ Premium Gasoline Introduces Breakthrough Formulation for BEST TOTAL Engine Protection 2New Shell V-Power NiTRO+ Premium Gasoline Introduces Breakthrough Formulation for BEST TOTAL Engine Protection 3New Shell V-Power NiTRO+ Premium Gasoline Introduces Breakthrough Formulation for BEST TOTAL Engine Protection 4Adimarket Named Latin American Distributor for Bioquark Biologic Products for the Regeneration and Repair of Human Organs and Tissue with Stem Cells 2Adimarket Named Latin American Distributor for Bioquark Biologic Products for the Regeneration and Repair of Human Organs and Tissue with Stem Cells 3
... technologies may lead to superlenses and other designer optical ... Laboratory physicist. In an article titled "Improving Metamaterials" ... issue of the journal Science , Costas Soukoulis ... to deliver certain properties not found in nature. ...
... TriLink BioTechnologies (TriLink), a leading provider of custom nucleic ... Hot Start solution for the PCR amplification of problematic ... When DNA targets high in GC-content are amplified, PCR ... separation and the propensity for complex secondary structure formation. ...
... 15, 2010 Sequenom, Inc. (Nasdaq: ... manuscript describing results from the R&D "locked-assay" verification ... Center for Molecular Medicine. (Logo: ... study entitled "Noninvasive Detection of Fetal Trisomy 21 ...
Cached Biology Technology:Iowa State, Ames Lab physicist developing, improving designer optical materials 2TriLink BioTechnologies Launches CleanAmp™ 7-deaza-dGTP for GC-rich Target Amplification 2Sequenom Announces Publication Acceptance of Manuscript From Trisomy 21 R&D Verification Study 2Sequenom Announces Publication Acceptance of Manuscript From Trisomy 21 R&D Verification Study 3
(Date:5/25/2015)... , May 25, 2015  Australia,s market for ... stage, although 2014 saw the advent of several trials ... 24 April 2015 is expected to ignite interest in ... in Australia . This in turn ... industry and drive new partnerships amongst vendors and distributors. ...
(Date:5/20/2015)... , May 20, 2015 /PRNewswire/ ... http://www.researchandmarkets.com/research/h8t4x6/5year ) has announced the addition ... the Global Iris Recognition Market"  report ... , ,This research service analyses trends ... the government and commercial sectors, globally. ...
(Date:5/18/2015)... -- Fingerprint Cards (FPC) has received an order ... FPC1035 from one if its module partners. Deliveries are planned ... and the sensors will be used by smartphone manufacturers in ... hereby amount to 740 MSEK to date. In addition to ... a number of smaller orders not separately communicated amounting to ...
Breaking Biology News(10 mins):Australian wearables market to grow at CAGR of 78%; revenue of A$1 billion by 2018, says Frost & Sullivan 2Australian wearables market to grow at CAGR of 78%; revenue of A$1 billion by 2018, says Frost & Sullivan 3Australian wearables market to grow at CAGR of 78%; revenue of A$1 billion by 2018, says Frost & Sullivan 4Global Iris Recognition Market Report 2015 - 5-Year Opportunity Analysis 2Fingerprint Cards Receives Touch Fingerprint Sensor Order of SEK 230 Million and Raises Revenue Guidance for 2015 2
... Sequella, Inc., a clinical-stage biopharmaceutical company focused on ... announced today that the U.S. Food and Drug ... independently reviewed Sequella lead drug compound, SQ109, and ... the treatment of tuberculosis. SQ109 shows excellent in ...
... - Through an international collaboration, more than 200 ... this week on the relationship between poverty and ... of Science Editors, includes presentations on seven of ... from the National Institutes of Health on Monday, ...
... University of Technology has joined forces with the ... that will provide an economical, green fuel alternative ... announced the multi-million dollar deal between QUT, qutbluebox, ... Government, that will see the establishment of the ...
Cached Biology News:Sequella receives US and EU orphan drug status for SQ109 for the treatment of TB 2Sequella receives US and EU orphan drug status for SQ109 for the treatment of TB 3200 journals join in theme issues on poverty and human development 2200 journals join in theme issues on poverty and human development 3200 journals join in theme issues on poverty and human development 4200 journals join in theme issues on poverty and human development 5Global deal fuels QUT's world-changing research 2
... 50 X-Ray System from KUBTEC is a dual ... and three dimensional representation of the specimen under ... of specimen X-ray images, the micro focus source ... of detail in standard 2D images. The 50 ...
... BTX, the leader in electroporation products and ... innovative product line for experiment optimization and ... is a breakthrough in Molecular Delivery. The ... procedures that typically limited the number of ...
... PolarScreen Progesterone Receptor (PR) Competitor Assay ... screening novel progesterone receptor binding compounds ... assay utilizes a fusion of glutathione ... of human progesterone receptor [PR-LBD(GST)] and ...
... Molecular Imaging Systems group announces the ... Digital Imaging Systems, featuring high resolution ... fluorescence, luminescence, radiographic and chromogenic imaging ... CCD and 10x optical zoom lens ...
Biology Products: