Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

PPGI Posts Loss, but Revenue Increases

Photonics.com
Aug 2011
NORTHVALE, N.J., Aug. 25, 2011 — Photonic Products Group Inc. posted a $96,000 loss for its second quarter, but its revenue increased 49% year over year, the company reported through the consolidated financial results for its second quarter and six months ended June 30.

Revenue for the second quarter was approximately $3.22 million, up 49% from $2.16 million in the same period last year. For the six months that ended June 30, revenue was $6.46 million or 30% higher, compared to $4.97 million for the comparable period last year.

The net loss for the quarter was $96,000 and $61,000 for the six months ended June 30. This compares with a net loss of $649,000 and $923,000 in the same periods last year.

Orders for the second quarter were $3.48 million and $6.18 million for the six months ending June 30, up 126% and 46%, respectively, compared to last year’s second- quarter and six-month bookings of $1.54 million and $4.24 million.

PPGI develops, manufactures and markets products and services for diverse photonics industry sectors via its portfolio of branded businesses.

For more information, visit: www.ppgrpinc.com  


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.