[DYSL.OB] DYNASIL CORP » 1.90
Monday May 14, 8:47 am ET
Dynasil Announces Second Quarter Fiscal Year 2007 Results
On October 2, 2006, we acquired 100% of the stock of Evaporated Metal Films Corporation ("EMF") in Ithaca, NY. EMF provides optical thin-film coatings for a broad range of application markets including display systems, optical instruments, satellite communications and lighting. This is the second quarter that includes EMF. Revenues for the quarter ended March 31, 2007 were $3,003,216, an increase of 80% over revenues of $1,665,496 for the quarter ended March 31, 2006. The net profit for the quarter ended March 31, 2007 was $112,229, or a positive $.02 per share, compared with a net profit of $81,881, or $.02 per share, for the quarter ended March 31, 2006. Excluding the impact of the EMF acquisition and $11,366 of stock option expense, revenues for our historical businesses were up 39% and net income was up 208% from $81,881 to $251,866 compared to the three months ended March 31, 2006. biz.yahoo.com
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