Advanced Photonix Posts 4th Consecutive Profit Gain
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Advanced Photonix in Camarillo has reported its fourth consecutive profitable quarter.
Revenues for the first quarter ended June 28 were $2 million, an increase of 32% over $1.5 million reported in the first quarter last year. Net income rose to $122,000 or 1 cent per share, compared with a net loss of $203,000 or 2 cents per share in last year’s first quarter.
“After posting the first profitable year in the company’s history, we remain focused on improving that performance throughout our current fiscal year,” said Harry Melkonian, president and chief executive.
Advanced Photonix is a high-technology company that designs and manufactures silicon photodetectors and optoelectronic assemblies.
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