DGAP-Adhoc: Advanced Vision Technology Ltd.: 2nd quarter 2009

Advanced Vision Technology Ltd. / Quarter Results

11.08.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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AVT: 2nd quarter 2009
- AVT's business stabilized in the 2nd quarter of 2009
- Highest order booking for the last 3 quarters
- Revenues of USD 9.1 million and Proforma EBITDA of USD -0.3 million

Hod-Hasharon/Israel, August 11, 2009 - Despite the continuing turbulent
conditions Advanced Vision Technology Ltd., the worldwide leader in
machine-vision based automatic inspection and closed loop color control for
the printing industry, has stabilized its business in the 2nd quarter of
2009. Net earnings were clearly improved compared with Q1 2009 and order
booking during this period was the highest for the last three quarters. The
ratio of order booking to revenues in Q2 2009 was 104.3% marked the first
time order booking exceeded revenues since Q1 of 2008 though in the first
six months of 2009 the ratio was 88.2%.

Revenues in the first six months of 2009 were USD 19.1 million, a decrease
of 43.7% from revenues of USD 34.0 million in H1 2008. Revenues in the
second quarter of 2009 totaled USD 9.1 million representing a decrease of
46.3% of the revenues in Q2 of 2008 and 10.0% less than Q1 of 2009.

Net loss for the six months ended June 30, 2009 was USD 2.2 million or loss
of USD 0.41 per share (diluted) compared with net income of USD 1.7 million
or USD 0.32 per share (diluted) for H1 2008. The figures for Q2 2009 show a
net loss of USD 0.7 million compared with net income of USD 0.7 million for
Q2 2008. Compared with a net loss of USD 1.5 million for Q1 2009 the
development shows a clear sign of improvement.

Moreover AVT took again cost reduction measures and maintains an aggressive
development plan for new and improved solutions for their customers.
Proforma EBITDA in the 2nd quarter (excluding stock-based compensation
expense and GMI restructuring and integration costs) were a loss of USD
-0.3 million compared to USD 2.2 million in Q2 2008. Proforma EBITDA in the
first six months of 2009 were USD 0.2 million as compared with USD 4.7
million in H1 2008.
DGAP 11.08.2009 
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Language:     English
Issuer:       Advanced Vision Technology Ltd.
              Hanagar 5
              45241 Neve Ne'eman, Hod Hasharon
              Israel
Phone:        +972 9 761-4444
Fax:          +972 9 761-4555
E-mail:       IR@avt-inc.com
Internet:     www.avt-inc.com
ISIN:         IL0010837248
WKN:          931340
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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