Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Scan-Optics Announces First Quarter Results

Facebook Twitter LinkedIn Email Comments
MANCHESTER, Conn., May 3 -- Scan-Optics, Inc. reported its fourteenth consecutive profitable quarter. Total revenues for the first quarter of 1999 were $13,232,000, up from recorded revenues of $12,892,000 in the comparable quarter of 1998. Net income for the quarter was $80,000, or $0.01 per diluted share, compared to $428,000 or $0.06 per diluted share for the same period last year.
James C. Mavel, chairman, CEO and president of Scan-Optics, noted that the company continued to grow in three business units: Solutions; Maintenance Services; and Manufacturing Services. Mavel said that strong Solutions growth in the US and Europe had allowed Scan Optics to offset the revenue gap from the Japanese Ministry of Health transaction in the first quarter of 1998. The Company's North American Solutions business grew 97% on revenues of $6.8M, and European activities generated new business in the UK and Italy, according to Mavel.
May 1999
industrialNews & Features

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2020 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.