Hamilton Thorne’s Sales and Net Income Rise in 2015
BEVERLY, Mass., April 27, 2016 — Hamilton Thorne Ltd. has reported a record $9.03 million in sales for the 2015 fiscal year, up 4 percent from the previous year.
The company attributed the growth to strong sales of computer assisted sperm analysis products and LYKOS clinical laser systems, as well as increased revenues from after-sale services and a growing contribution from its newly acquired Oosight product line from PerkinElmer, which allows the user to visualize and quantify structures within an unfertilized egg that are not visible with conventional microscopy.
Fiscal 2015 reported net income totaled $1.03 million, a 20 percent increase over the prior year. Cash flow from operations increased to $1.06 million, up 58 percent for the year, and total cash at December 31, 2015 increased to $4.3 million.
Hamilton Thorne provides precision laser devices and image analysis systems for assisted reproductive technologies, regenerative medicine and developmental biology markets.