Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Coreco Reports Revenue, Earnings Growth
Aug 2000
MONTREAL, Aug. 10 -- Coreco Inc., developer of computer vision hardware and software products for OEMs, has reported second quarter growth, due simply to the continued demand for its products, said Coreco. The second three months ended June 30 were the last before the company will include contributions from Imaging Technology Inc., which Coreco acquired on June 30 of this year.
Second quarter revenues were $5.1 million, an increase of 15 percent compared with the same 1999 period. Net earnings added up to slightly more than $1 million, 48 percent more than last year's second quarter. Second quarter earnings reached $0.14 per share, an increase of 40 percent compared with the same 1999 period. Net earnings from operations totaled $975,890, or $0.14 per share, which was 27 percent better than fiscal 1999.
Coreco will amortize the $14.5 million it paid for Imaging Technology over a 24 to 36 month period. All assets of Imaging Technology were included on Coreco's consolidated balance sheet on June 30.

News & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

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.