Perceptron Grow Sales 26.7% and Return to Profitability

Perceptron, Inc. has announced results for the second quarter of its 2017 fiscal year (quarterly period ended December 31, 2016). The Company announced revenue of $21.8 million, new order bookings of $20.9 million and a net income of $2.5 million.  For the first half of fiscal 2017, the Company announced revenue of $39.3 million, bookings of $42.7 million and net income of $0.1 million.

David Watza, President and CEO, commented, “We are pleased to announce the results for the second quarter of our 2017 fiscal year, which reflect improved company performance, sustained strength in our end markets and our continuing cost savings efforts.  With bookings of $20.9 million, we have surpassed the important $20 million bookings threshold for the third consecutive quarter, a first in our history.  We recognized revenue of $21.8 million in the second quarter of fiscal 2017, which was up 26.7% from the same quarter of fiscal 2016, and demonstrates strength in our end markets.  Furthermore, we ended the quarter with a strong backlog of $41.7 million.  All of these metrics show that our customers, around the globe see significant value in our products. We are also very gratified with our gross profit percentage of 43.1% in the quarter, which is the highest quarterly gross profit recorded since the second quarter of fiscal 2015.” 

Perceptron total sales for the second quarter of fiscal 2017 were up $4.6 million, or 26.7%, versus the same quarter in the prior year, reflecting increases in Americas and Asia regions, partially offset by a small decrease in the Europe region.  The Americas region was up primarily due to increased sales of In-Line and Near-Line Measurement Solutions.  The Europe region was down primarily due to decreased sales in the Off-Line Measurement Solutions.  Total sales for the first half of fiscal 2017 were up $7.0 million or 21.7%, reflecting increases in the Americas and Europe regions, partially offset by a decrease in the Asia region.

For more information: www.perceptron.com