Monday, January 6, 2014

Photon Control Inc. - PHO.v

Photon Control Inc. - PHO.v designs and builds precision measuring sensors, flow meters and other measurement tools that deliver reliability, accuracy and performance.

On November 20, 2013 the company released NEWS

"Photon Control Inc. (“Photon Control” or the “Company”) (TSX-V: PHO),a leading developer of optical measurement technologies, released its unaudited financial results for the three and nine months ended September 30, 2013.
In Q3 2013, Photon Control experienced an increase in sales, gross margins and profit results compared to Q3 of 2012.

Photon Control’s product sales in Q3 2013 reached a new record level for a quarter of $4.6 million, approximately 92% higher than product sales in Q3 2012. Photon Control’s net earnings for Q3 2013 were $1,121,950, a significant increase of approximately 262% compared to net earnings of $309,524 for the same period in 2012.

The achieved results in the third quarter of 2013 reflect a higher volume of orders from the semiconductor sector coupled with the Company’s enhanced operational efficiency.

Product sales for the nine months ended September 30, 2013 totalled $11.0 million, compared to $8.3 million during the same period last year, surpassing the entire 2012 sales revenue. The net earnings for the nine months ended September 30, 2013 was $2,256,694, approximately 48% higher compared to $1,523,804 for the same period in 2012, also surpassing the entire 2012 net earnings by approximately 32%.