Revenues Increase 132% with 4 Consecutive Profitable Quarters
Albuquerque, New Mexico 13 April 2006: Optomec today announced record results for its fiscal year ending on December 31, 2005. Revenues increased 132% compared to 2004 and the company posted record profitability. Backlog also increased more than 100% compared to year-end 2004.
“Industry’s adoption of our breakthrough manufacturing solutions continues to accelerate,” noted Dave Ramahi, Optomec’s President and Chief Executive Officer. “We are beginning to see repeat orders from our customers indicating that our systems are demonstrating real value and are successfully transitioning into mainstream production operations. Fiscal 2005 financial performance reflects growth trends across each of our market segments. We met our revenue and profit targets, recorded the strongest 12-month order book in the company’s history, doubled revenue and delivered consistent quarterly operating profit.”
Optomec is the world-leading provider of additive manufacturing systems for high-performance applications in the Electronics, Biomedical, and Aerospace Defense markets. These solutions utilize Optomec’s proprietary M3D aerosol-jetting technology and LENS powder-metal fabrication technology. The company has a global customer base of industry-leading manufacturers.
LENS is a registered trademark of Sandia Corporation.