Advanced Photonix Inc. reports first quarter FY 1996 results.CAMARILLO Camarillo (kă'mərē`yō), city (1990 pop. 52,303), Ventura co., S Calif.; inc. 1964. It is the center of a fertile farm area where citrus fruits and flowers are grown. , Calif.--(BUSINESS WIRE)--Aug. 17, 1995--Advanced Photonix Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :API (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. ) Thursday Thursday: see week. announced its results for the first quarter ended July July: see month. 2, 1995. For the first quarter revenues totaled $1.9 million compared with $1.7 million reported in the first quarter of the prior year and up $200,000 from the fourth quarter of the prior year. The company reported a net loss of $287,000 or $.03 per share, compared with a net loss of $503,000 or $.06 per share in last year's first quarter. In announcing the results, James James, person in the Bible James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship. James, rivers, United States James. W. Ward, chairman of the board of Advanced Photonix, said, "Our first quarter performance continues to reflect the process of change which was initiated in the prior fiscal year. Volume and margins in the core business have improved and are a reflection of our commitment to achieve profitability while continuing to develop our proprietary Large Area Avalanche Photodiode Avalanche photodiodes (APDs) are photodetectors that can be regarded as the semiconductor analog to photomultipliers. By applying a high reverse bias voltage (typically 100-200 V in silicon), APDs show an internal current gain effect (around 100) due to impact ionization (avalanche ." Advanced Photonix has indicated that it is preparing to begin shipment of its leading edge LAAPD products by the end of September September: see month. 1995. In addition, the company pointed out that successes in an earlier Department of Energy program resulted in a $750,000 follow-on fol·low-on adj. Following as a related or consequent aspect or development: "Such contracts involve follow-on sales of maintenance services" Christian Science Monitor. grant which helps to fund LAAPD development efforts. LAAPDs are light-sensitive semiconductor chips which possess the potential for many high-technology and consumer applications. Ward added, "With the successful completion of our recent private placement which provided approximately $3 million, our momentum is building as we begin to ramp-up production of our first generation LAAPDs, grow the core business, which has demonstrated its ability to generate solid gross margins, and bring a new proof-of-concept LAAPD Array to our customers." Advanced Photonix Inc. is a high-technology growth company which designs and manufactures opto-electronic semiconductor based components and hybrid assemblies, including proprietary solid state silicon large area avalanche photodiodes.
Advanced Photonix Inc.
First Quarter FY 1996 Results
Three Months Ended
July 2, 1995 July 3, 1994
Revenues $1,902,000 $1,713,000 Gross Profit Margin From Product Shipments $582,000 $448,000 Research & Development Costs $(453,000) $(415,000) Net Loss $(287,000) $(503,000) Net Loss Per Share $(.03) $(.06) Weighted Average Number Of Shares Outstanding 8,389,066 8,380,966 CONTACT: Advanced Photonix Inc., Camarillo Patrick J. Holmes, 805/987-0146 |
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