Photon Control Nets $12.2M in 2015 Earnings
BURNABY, Canada, April 1, 2016 — Optical measurement technology firm Photon Control Inc. has reported financial results for the 2015 fiscal year, achieving peak annual sales and profit results.
Product sales for 2015 reached $27.6 million, the strongest year on record, representing an increase of $6.6 million or approximately 31 percent compared with $21 million reported in 2014. The company’s 2015 profit before taxes was $12.2 million, a new record level and an increase of approximately 72 percent compared with a profit before taxes of $7.1 million reported in 2014.
Photon Control designs, manufactures and distributes a range of optical sensors and instruments to measure temperature, pressure, position and flow. These products are used by OEMs as well as end-users in the semiconductor, oil and gas, power, life science, and manufacturing industries.
- The science of measurement, particularly of lengths and angles.
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