CIMdata PLM Industry Summary Online Archive

12 February 2007

Financial News

Valor Shows Record Revenues: Breaks the $10 Million Mark in Q4/2006

Valor Computerized Systems [Prime Standard: VCR], the leader in productivity-enhancing solutions for the Electronics Industry, announces today its financial results for the year ending December 31, 2006.

Total revenues in 2006 accumulated to $36.7 Million, similar to the results in 2005, which accumulated to $36.3 Million. Revenues in Q4-06 were $10 Million, an increase of 6% as compared to $9.5 Million in Q4-05.

The net profit in 2006 was $3.4 Million - an increase of 145% compared to $1.4 Million in 2005. The net profit in Q4-2006 accumulated to $911 thousand, compared to $253 thousand in Q4-2005.

EBIT in 2006 was $2.9 Million - an increase of 145% compared to $1.2 Million in 2005. In the fourth quarter of 2006, EBIT was $788 thousand, compared to $274 thousand in the parallel period of 2005. Earnings per Share (diluted) in 2006 were $0.16, compared to $0.07 in 2005.

Continuing the company policy of dividend distribution, the Board of Directors decided to recommend to the shareholders meeting the distribution of a dividend at the gross sum $0.15 per share (but not more than the aggregated amount of $3.1 Million). The dividend shall be subject to withholding and company taxes. The recommendation will be brought to the upcoming general shareholders meeting of the Company on March 22nd, 2007. The Ex-Date for dividend distribution will be the date on which the resolution of distribution shall be adopted by the shareholders meeting.

Some of the following statements are forward-looking in nature, and actual results may differ materially:

"Valor has seen record revenues in the fourth quarter of 2006," Valor President and CEO, Ofer Shofman, announced in summarizing the year. "Deals postponed in previous quarters have begun to materialize and the company expects to meet the challenges of the current upward market trends."

After intensified development activity, Valor will shortly be announcing a break-through new technology for the electronics manufacturing market. Shofman estimates that the product will generate significant long-term revenues. This product joins Valor's suite of best-in-class design-to assembly technology and consultation solutions.

Commenting on increased revenue and three consecutive quarters of growth, Shofman cited the company's recently implemented organizational changes as one factor. "Our products are now divided into P&L based business units, and each business unit is now responsible for generating profits on its own."

With new products, broader technology scope and expanding global outreach, Valor is strongly positioned for a successful year in 2007. Assuming market conditions remain the same, the company anticipates continued growth.

The complete financial report can be downloaded from the Investor Relations Section on the Valor corporate website: http://www.valor.com .

Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.

Tell us what you think of the CIMdata Newsletter. Send your feedback.

CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.

Subscribe