News blog
ProPhotonix Ltd
- BY: Andrew Hore |
- POSTED: 19/01/2012 |
LED light engines and laser diodes manufacturer ProPhotonix Ltd says that trading was mixed in the fourth quarter but its 2011 figures will be in line with expectations.
Revenues will be $17m and the loss will be in line with forecasts. There was $4.1m in the bank at the end of 2011.
The LED division was hit by a drop off in shipments to the German solar panel production sector at the end of the year. Orders from this sector are not expected to recover until the second half of 2012. Investment in new products and development of distribution in Asia will boost the 2012 figures. ProPhotonix is strengthening its US and European sales forces. The full benefits of these investments will not show through until later in the year and into 2013.
The full year figures will be reported on 1 March.
Shares in ProPhotonix have fallen to a new 12 month low of 8.25p.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2012_28.pdf
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