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Valor Computerized Systems Reports Q2 2004 Results
August 9, 2004 |Estimated reading time: Less than a minute
Lake Forest, Calif. and Yavne, Israel — Valor Computerized Systems reports financial results for the six-month period ending June 30, 2004.
Valor's Q2-04 results, when compared to Q2-03, show an increase of 18 percent in total revenues. In Q2-04 Valor generated revenues of close to US $7.5 million, matching the company's quarterly sales record as compared to US $6.3 million for Q2-03.
Over a six-month period the company's accumulated revenues reached US $14.6 million in H1-04, an increase of 17.3 percent, as compared to US $12.5 million achieved in the same comparable period of 2003.
Net profits in Q2-04 reached US $301,000 or US 2 cents per share a switch from net losses of US $539,000, or US 3 cents per share after income tax due to dividend distribution in Q2-03.
In Q2-2004 Valor generated positive operational cash flow of $1 million and accumulated a positive operational cash flow of US $2.2 million for H1-2004.
Valor Computerized Systems is a global leader in vertically integrated manufacturing productivity solutions to the electronics industry. For more information, visit www.valor.com.