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
share
Email Facebook Twitter Google+ LinkedIn Comments

  • Dynasil Turns a Profit After Restructuring

Photonics.com
Dec 2014
NEWTON, Mass., Dec. 17, 2014 — Dynasil Corp. has returned to profitability after shedding two business units and addressing debts during fiscal 2014.

The developer of optics and sensors for homeland security, medicine and industry reported year-end earnings of $2.0 million, compared to a net loss of $8.7 million in fiscal 2013.

Revenues were $42.3 million, down 1.2 percent from $42.8 million in fiscal 2013.

CEO Peter Sulick said a restructuring process it began last year involved the sale of its lead paint and gamma medical probe businesses, the spin-out of its tissue sealant technology and the acquisition of DichroTec Thin Films LLC.

Revenue at the company’s four optics business units grew by 19 percent in fiscal 2014, offsetting much of the lost revenue from the two businesses that were sold, Sulick said.

For more information, visit www.dynasil.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.