AVT Reports Record Sales Increase in Q2

Published: August 27, 2003, By PRESS RELEASE

HOD-HASHARON, ISRAEL—Advanced Vision Technology (AVT) reports a continuation of its positive business development in the seccond quarter of 2003.

According to the manufacturer of machine vision-based automatic inspection systems, sales in Q2 this year increased by 50% from $2.8 million (USD) in Q2/2002 to $4.2 million (USD). Sales for the first six months of 2003 totalled $8.2 million (USD), a 55% increase over the same period in 2002, adds co.

States an AVT press release: "In Q2/2003, AVT returned to operating profitability. At $13,000 (USD), the company recorded its first operating profit after three consecutive years of operating losses. Net profit in Q2 totaled $64,000 (USD). During the first six months of fiscal 2003, AVT recorded a net profit of $79,000 (USD)."

AVT says revenues from operations in the Americas constituted 30.7% of total revenues, compared to 43% in the first six months of 2002. The European share of revenues increased considerably, from 42% to just over 57%.

During Q2 this year, AVT reports, the company continued its penetration into the labels market with the launch of several new products. "The PrintVision/Helios is one such product that is gaining market share quickly," states AVT. "It is an automatic quality assurance system for labels and narrow web printing applications that can be integrated with a rewinder and other finishing equipment to form a fully automatic inspection station, or it can be mounted on a label printing press for on-line quality assurance." In addition, the company says its ProoFit product, an off-line print verification tool, also enjoyed initial success with several units being sold to pharmaceutical companies in Q2.

Learn more about AVT's products for the printing industry at avt-inc.com.