SALEM, NH--(Marketwired - Mar 19, 2015) - ProPhotonix Limited (
PROPHOTONIX ANNOUNCES PRELIMINARY RESULTS FOR 2014
Annual General Meeting Date
(Salem, New Hampshire, March 19, 2015) ProPhotonix Limited (
Annual General Meeting
The Company will hold the Annual General Meeting of the Shareholders on May 14, 2015 at 2:00 PM British Summer Time at the offices of K&L Gates LLP, One New Change, London EC4M 9AF. The Record date is set at March 20, 2015 for all shareholders of record.
Financial Highlights
- Revenue increased 5.3% to $16.4 million
- Gross profit increased 7.6% to $6.4 million
- Gross profit margin improved to 39.1%
- Operating profit of $0.1 million versus operating loss of $1.2 million in 2013(1)
- EBITDA profit of $0.6 million versus loss in 2013 of $0.7 million(1)
- Percentage revenue by market sectors: industrial 73%, medical 16%, and homeland security & defense 11%
- Percentage revenue by geography: 52% Europe, 31% North America and 17% Rest of World
- Available borrowing capacity of $1.9 million from its loan facilities at December 31, 2014.
(1) Includes $582,000 non-recurring charges
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Contact:
ProPhotonix Limited Tim Losik, President and CEO |
Tel: +1 603 870 8220 ir@prophotonix.com |
N+1 Singer Ben Wright, Richard Salmond |
Tel: +44 (0) 207 496 3000 |
Nominated Adviser and Broker |
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