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Optics Revenue Climbs Amid Downturn at Dynasil

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NEWTON, Mass., Dec. 17, 2015 — Record revenues in three of its four optics businesses couldn't counteract a decline in profits and overall revenue at Dynasil Corp. of America. For the year ended Sept. 30, Dynasil incurred a net loss of $353,000, or 1 cent per diluted share, compared with net income of $2 million, or 13 cents per diluted share, in fiscal 2014. The loss was attributed to the final termination and settlement of a subsidiary's pension plan. Dynasil also paid down about $3 million in debt during fiscal 2015. The previous year's gain resulted partly from the sale of two businesses related to x-ray...Read full article

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    Published: December 2015
    BusinessAmericasMassachusettsearningsDynasilOpticsPeter SulickOptometricsEMF

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