Product category:
Stand-Alone Instruments
News Release from: Exfo Electro-Optical Engineering
Edited by the Electronicstalk Editorial
Team on 24 October 2005
Sales leap celebrates 20th anniversary
EXFO Electro-Optical Engineering has reported sales growth of 30.3% year-over-year for fiscal 2005.
EXFO Electro-Optical Engineering has reported sales growth of 30.3% year-over-year for fiscal 2005 Sales improved to US $97.2 million in the fiscal year ended 31st August 2005 from US $74.6 million in 2004
This article was originally published on Electronicstalk on 14 Dec 2007 at 8.00am (UK)
Related stories
Network tester runs up to 43Gbit/s
Module provides advanced Sonet/SDH and OTN test functions in a single module to address the demands of commissioning and troubleshooting 43Gbit/s networks.
Metro network analyser stretches up to 120km
Chromatic dispersion can be characterised with high accuracy from a single fibre end and testing polarisation mode dispersion from a single end is also possible.
In the fourth quarter of 2005, sales reached US $26.3 million compared with US $26.2 million in the previous quarter and US $21.3 million in the fourth quarter of 2004.
Net bookings totalled US $24.6 million for a book-to-bill ratio of 0.94 in the fourth quarter of fiscal 2005 compared with US $28.9 million in the third quarter of 2005 and US $20.4 million in the fourth quarter of 2004.
Gross margin increased to 54.7% of sales in fiscal 2005 from 53.7% in 2004.
Further reading
ADSL2+ test set assesses service quality
Exfo Electro-Optical Engineering's AXS-200/620 ADSL2+ triple-play test set provides a combination of DSL and Ethernet features which allow for testing in any residential triple-play environment.
Ethernet test system eases setup
The AXS-200/850 Ethernet test module boasts simple pass/fail displays and one-touch function buttons to address the real-life challenges experienced by field technicians.
In the fourth quarter of 2005, gross margin amounted to 54.7% compared with 56.2% in the previous quarter and 55.1% in the fourth quarter of 2004.
GAAP net loss totaled US $1.6 million, or US $0.02 per diluted share, in fiscal 2005 compared with a net loss of US $8.4 million, or US $0.13 per diluted share, in 2004.
GAAP net loss included US $4.8 million in amortisation of intangible assets, US $1.0 million in stock-based compensation costs and US $0.3 million in restructuring and other charges in 2005.
GAAP net loss was negatively affected by a foreign-exchange loss of US $1.3 million in fiscal 2005.
In the fourth quarter of 2005, GAAP net earnings amounted to US $0.5 million, or US $0.01 per diluted share, compared with net earnings of US $0.3 million, or US $0.00 per diluted share, in the third quarter of 2005 and a net loss of US $2.3 million, or US $0.03 per diluted share, in the fourth quarter of 2004.
GAAP net earnings included US $1.2 million in amortisation of intangible assets and US $0.3 million in stock-based compensation costs in the fourth quarter.
"On celebrating our 20th anniversary, I am delighted with EXFO's exceptional growth, progress towards profitability, as well as uniquely strong strategic position and balance sheet", said Germain Lamonde, EXFO's Chairman, President and CEO.
"I am equally pleased with our market-driven ability to turn new business opportunities into solid operational and financial results".
"We increased sales 30.3% year-over-year and sequentially in the last eight quarters".
"We reduced our GAAP net loss by more than 80% year-over-year and were profitable in the last three quarters of 2005".
"As well, we generated US $14.0 million in cash flows from operating activities".
"Clearly, these results are among the strongest in our industry".
"All of these performance highlights are the result of EXFO's long-term focus to tap into new, revenue-generating market opportunities, such as FTTx and converged, IP network testing, and the commitment of all our dedicated EXFO employees, whom I thank for making the difference year-in and year-out for the last 20 years".
• Exfo Electro-Optical Engineering: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
