Dynasil Reports Q3 Profit
WEST BERLIN, N.J., Aug. 24, 2010 — Dynasil Corp. of America recently announced a third-quarter 2010 profit of $727,646, an 85 percent increase over the third quarter of 2009.
The specialized instruments and products maker said it earned record revenue of $11.3 million for the quarter, which ended June 30, a 33 percent increase year-over-year.
“The future looks really bright for Dynasil. Our activities in homeland defense, medical imaging, and material science enable us to serve and partner with our government and major corporations,” said Peter Sulick, chairman, Dynasil board of directors. “Our growth strategy to acquire companies with strengths in complementary areas will enable us to more quickly commercialize our new technology while expanding the scale and scope of our product line and distribution channels."
Once such company Dynasil recently acquired is Hilger Crystals, a maker of synthetic crystals used in industrial, medical and homeland security applications. (See Newport Sells Hilger Crystals to Dynasil)
For more information, visit: www.dynasil.com
MORE FROM PHOTONICS MEDIA