I recently became interested in this company. It seems like a good candidate for appreciation. The results reported below for the third quarter and the decline in price convinced me to jump in.
Robotic Vision Systems, Inc. (RVSI) (Nasdaq: ROBV chart, msgs) today reported results for its
third quarter ended June 30, 2000. The world's premier provider of machine vision systems had revenues of $63,278,000, a sequential improvement of $6,535,000
or 11.5% from fiscal 2000's second quarter; operating income of $5,743,000; and net income of $5,836,000, or $0.14 per share. These results compare to
revenues of $31,260,000 and a net loss of $3,161,000 or $0.13 per share in the third quarter of fiscal 1999.
For the nine months ended June 30, 2000, RVSI had revenues of $167,101,000, net income of $10,639,000, and net income per share of $0.27. This compares to
revenues of $87,959,000 and a net loss of $9,545,000 or $0.39 per share for the comparable nine months of fiscal 1999.
Record profits on higher revenues; record bookings
The sequential improvement in RVSI's results reflected continued strong revenue growth coupled with higher gross margins. "Our growth this quarter was broad
based, with sequentially higher sales in both our Semiconductor Equipment Group and Acuity CiMatrix Division," said Pat V. Costa, Chairman and CEO of RVSI.
"The improvement at Acuity CiMatrix was especially notable, with quarter-on-quarter growth of 39%.
"Our bookings for the quarter rose to a record $63.6 million, and our RVSI Electronics Division set another record for orders, shipments, and operating profitability,"
Mr. Costa said. "For the first time in the company's history, orders for RVSI's lead-, grid-, and wafer-scanning products exceeded 100 units for the quarter.
Concurrently, orders for Acuity CiMatrix's new MXi hand-held digital imager reached 1,000 units, reflecting the growing use of Data Matrix two-dimensional
symbology."
Mr. Costa said the company expected to see continued growth across the balance of 2000. "We recently returned from SEMICON West, the semiconductor
industry's most important trade show," Mr. Costa said. "Everything we heard from key customers leads us to believe that the capital spending cycle, far from being at
its peak, is getting ready to enter a new phase of growth." |
