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Optimax Systems, Inc. - Optical Components & Systems 2024 LB

PPGI Posts Loss, but Revenue Increases

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NORTHVALE, N.J., Aug. 25, 2011 — Photonic Products Group Inc. posted a $96,000 loss for its second quarter, but its revenue increased 49% year over year, the company reported through the consolidated financial results for its second quarter and six months ended June 30. Revenue for the second quarter was approximately $3.22 million, up 49% from $2.16 million in the same period last year. For the six months that ended June 30, revenue was $6.46 million or 30% higher, compared to $4.97 million for the comparable period last year. The net loss for the quarter was $96,000 and $61,000 for the six months ended June 30....Read full article

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    Published: August 2011
    AmericasBusinessNew JerseyOpticsPhotonic Products Group Inc.PPGIsecond quarter financial resultsLasers

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