Braintech Reports Operating Profit
VANCOUVER, BC — May 14, 2007 – Braintech, Inc. (BRHI.OB), a leading
provider of Vision Guided Robotic ("VGR") software technologies,
announced today that it has generated an operating profit for the three month
period ended March 31, 2007.
Ted White, Braintech’s Chief Financial Officer explained: “For the three month period ended March 31,
2007, we achieved an operating profit of $57,304 compared to an operating loss
of $482,049 for the three month period ended March 31, 2006. Although not significant in terms of
magnitude, it is very significant in that it marks the first time that
operating revenues have exceeded operating expenses. It also is significant in that it marks
another step in the development of Braintech from a pure research and
development company to a continuously profitable corporation. For the three month period ended March 31,
2007, we reported non-operating expenses of $683,208 of which $643,968 were
non-recurring financing expenses. For
the three month period ended June 30, 2007, we expect that operating revenues
and operating expenses will be nearly equal and that non-operating expenses
will be approximately $40,000. We expect
to generate a net income in each of the three month periods ended September 30,
2007 and December 31, 2007.”
About Braintech: www.braintech.com
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