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Advanced Vision Technology Records 17th Consecutive Quarter Of Revenues Growth

Wednesday, May 17, 2006

Press release from the issuing company

Hod-Hasharon, Israel, May 15, 2006 - Advanced Vision Technology Ltd, the world’s leading supplier of automatic optical inspection and quality assurance systems for the printing and packaging industry, announced sales for Q1 2006 of US$ 6.8 million, up 13% over the same period in 2005, and 3% over Q4 2005. These results mark AVT’s 17th consecutive quarter of growth. Profitability also continued to rise with Gross Margin of 62.8% (60.3% for the same period in 2005). Net Income for the quarter rose by 66.7% to US$ 1.23 million (US$ 736 thousand in Q1 2005). Net margin more than doubled from 7.7% to 18.0%. Earnings per share (diluted, net) rose from US$ 0.16 in the first quarter 2005 to US$ 0.26 in the first quarter of 2006. In the first quarter, new order bookings grew by 16.8% over the same period in 2005 to $6.5 million.

 

 

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