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Lenthor Engineering, a California-based designer, manufacturer and assembler of rigid-flex and flex PCBs, announces its financial results for the third quarter (Q3 2017).
Total revenue for Q3 2017 came in at $6.806 million, up by 2% from the $6.722 million in Q3 2016. Strong revenue performance continues from Q2 2017, which came in at $6.207 million, and Q1 2017 coming in at $6.192 million. Profit totals for Q3 2017 continue to be strong with full year 2017 profit to be on pace to exceed levels reported in 2016.
Lenthor Engineering's strong financial position allows Lenthor to continue funding of its business expansion plans with capital expenditures in 2017 planned for $2.44 million. As part of that plan, Lenthor has expended $2 million to date in its assembly and fabrication area. The expenditures in assembly, which include both solder paste AOI and component AOI, along with a new pick and place line, provide Lenthor's customers with the level of quality assurance and throughput necessary in today's demanding and competitive marketplace.