AVT records its 15th straight growth quarter
Advanced Vision Technology Ltd., a provider of automatic optical inspection and quality assurance systems for the printing and packaging industry, has announced rises in profits and revenues for the third quarter of 2005. The company is based in Hod-Hasharon, Israel.
In the 15th consecutive quarter of growth, AVT reports a net profit of $1.1 million on revenues of $6.3 million. This represents a 17 percent increase in revenues over Q3 2004, and a 2 percent increase over Q2 2005.
Total revenues for the nine months to September 30 were $18.5 million, compared with $15.5 million recorded for the similar period in 2004. Revenues of $942,000 came from services (maintenance, service and support) for the nine-month period, representing a growth of 22 percent over the same period in 2004.
The geographic distribution of revenue origin for the nine-month period shows growth in the Americas with 46 percent (37 percent for the same period in 2004) and Europe with 38 percent (44 percent in 2004), with the rest of the world contributing 16 percent of revenues (19 percent).