CIMdata PLM Industry Summary Online Archive
13 August 2007
Financial News
Valor Concludes Another Quarter of Record Revenues
Valor Computerized Systems announced its financial results for the period ending June 30, 2007.
Revenues in the first six months of 2007 accumulated to $20.9 Million, an increase of 18.7% as compared to $17.6 Million in the first half of 2006. Revenues in the second quarter of 2007 accumulated to $10.6 Million, an increase of 14.8% as compared to $9.2 Million in the parallel period of the previous year.
The net profit in the first half of 2007 accumulated to $1.68 Million, a decrease of 3.7% as compared to $1.75 Million in the first half of 2006.
EBITDA was $2.3 Million in the first half of 2007 - an increase of nearly 20% as compared to $1.9 Million in the first half of 2006.
EBIT was $1.5 Million in the first six months of 2007 - 3.9% more than in the first six months of 2006 at $1.4 Million.
We successfully met our goals for the quarter across the Design, Fabrication and Assembly markets," said Ofer Shofman, Valor's President and CEO. "We acquired new customers, increased our penetration into existing accounts, and continued to develop the momentum that was built during the previous quarter with the launch of our new products and technologies."
"I am especially pleased with our results in the Far East, where we have been working in the past quarters to build a strong and professional local team, with considerable industry experience. These investments are now paying off, and we see our business in the Far East region growing nicely." He added.
"During the first quarter of 2007 we launched vPlan - the award-winning process engineering platform," said Shofman. "In Q2, customers that have been evaluating the product saw real value in it and decided to invest in it and incorporate it into their production processes. This further strengthens our perception of vPlan as a winning product that is ready to deliver the revolutionary new technology that the market so desperately seeks. We expect to see growing demand for our other products as well. Overall, I'm very pleased with our performance so far, and I am looking forward to the next quarter," 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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