CIMdata PLM Industry Summary Online Archive
18 February 2008
Financial News
Valor Concludes 2007 with Record Revenues of $42M
Valor Computerized Systems Ltd. announced its financial results for the year ended December 31, 2007.
Revenues in 2007 accumulated to $42 Million, an increase of 14% as compared to $36.7 Million in 2006. Revenues in the fourth quarter of 2007 accumulated to $10.6 Million, an increase of 6% as compared to $10 Million in the parallel period of the previous year.
The net profit in the fourth quarter of 2007 was $0.8 Million, and $3 Million in total in 2007.
EBITDA accumulated to $1.2 Million in Q4/07, a decrease of 10% as compared to Q4/2006, and $4.7 Million in the year 2007, a result similar to that of the year 2006.
Earnings per Share (diluted) in the fourth quarter of 2007 were $0.04, same as in the fourth quarter of 2006.
Some of the following statements are forward-looking in nature, and actual results may differ materially:
“2007 was a successful year for Valor - a year in which our revenues grew by 14%.” said Ofer Shofman, Valor’s President and CEO. “We started the year with the launch of new products which were well accepted by the industry and won multiple awards for innovation, and continued with the expansion of our strategic sales channels in both the Design and the Assembly (MES) markets.”
“We signed our first OEM agreement this year with Universal Instruments, and are working to sign additional similar agreements during the coming year,” Shofman elaborated. “Such agreements diversify and expand our strategic sales channels, and are expected to help the company achieve significant growth in the Assembly market, including the MES and Process Engineering segments.”
“In addition,” said Shofman, “we signed several partnership agreements with various distributors in Europe and North America, including some of the largest EDA solution distributors in those regions. Our intention is to continue and grow our channels in all regions including China.”
“As for 2008,” said Shofman, “we continue to make a significant investment in research and development in all market segments and especially in the MES arena where we see a lot of potential. We are planning to launch additional new products during 2008, which, we believe, will affect the way electronics manufacturers manage their operations.”
“Overall, we are pleased with the annual results and are working hard to continue along the same path.” Shofman concluded.
The complete financial report can be downloaded from the Investor Relations Section on the Valor corporate website: http://www.valor.com/
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