CIMdata PLM Industry Summary Online Archive
13 August 2009
Financial News
Valor Increases Profitability in Q2/2009; Positive Cash Flow Increased
Valor Computerized Systems Ltd. announced its financial results for the period ending June 30, 2009.
Revenues in the second quarter of 2009 were $9.2M, a slight increase as compared with the revenues in the previous quarter, which accumulated to $9M.
Operating profit in the second quarter of 2009 was $0.7M, as compared with operating profit of $0.8M in the previous quarter.
Net profit in the second quarter of 2009 was $1.1M, as compared with net profit of $0.8M in the previous quarter. Positive cash flow from operating activities during the quarter accumulated to $1.4M.
Earnings per Share (diluted) in the second quarter of 2009 were $0.06, as compared with earnings per share of $0.04 in the previous quarter.
Revenues in the first six months of 2009 accumulated to $18.2M. Operating profit during that period was $1.5M, and net profit was $1.9M.
Earnings per share (diluted) in the first six months of 2009 were $0.10.
The company has cash and cash equivalents in amount of $27.3M at the end of the second quarter of 2009.
Summary of Financial Data (Unaudited, $US thousands unless otherwise noted):
|
|
Q2/09 |
Q1/09 |
% Change |
|---|---|---|---|
Product Sales |
4,948 |
4,564 |
8.4% |
Service Revenues |
4,256 |
4,391 |
(3.1%) |
Total Revenues |
9,204 |
8,955 |
2.8% |
Gross Profit |
7,882 |
7,689 |
2.5% |
EBITDA |
1,219 |
1,365 |
(10.7%) |
EBIT |
665 |
801 |
(17.0%) |
Net Profit (Loss) |
1,121 |
800 |
40.1% |
EPS in US$ (diluted) |
0.06 |
0.04 |
50.0% |
Shareholder’s Equity |
43,099 |
40,216 |
7.2% |
Total Assets |
53,264 |
50,409 |
5.6% |
Research & Development |
2,258 |
2,152 |
4.9% |
Employees (Period End) |
232 |
231 |
0.4% |
Some of the following statements are forward-looking in nature, and actual results may differ materially:
Referring to the financial results, Dan Hoz, Valor’s CEO said: “I am pleased to see the continued trend of profitability, supported by strong cash flow. It serves to validate the increase in our operational efficiency and enables us to keep our growth strategy on track and respond in time to the rising market demand”.
“We are starting to see the market picking up – especially in Asia, and particularly in the Assembly arena, and we are working diligently to capture the available opportunities as well as develop new ones and invest in our future growth”, He 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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