April 4, 2007
Timing right for Valpey-Fisher
By Matthew L. Brown
Hopkinton-based timing device maker Valpey-Fisher Corp. said new orders pushed fourth quarter 2006 revenue and profit well beyond the previous year's.
The company reported fourth quarter 2006 revenue of $3.1 million, a 19 percent increase over the previous year's results.
Gross quarterly profit grew to $1.3 million in 2006 from $826,000 in the same quarter of the previous year.
Operating income for the quarter rose to $297,000 from $88,000 in the previous year, the company said.
For the year, the company reported net earnings of $669,000 on gross profit of $4.5 million. For 2005, the company reported net earnings of $244,000 on $3.8 million in gross profit.
A 10 percent increase in new orders for the year, and a 28 percent increase in new orders during the fourth quarter drove Valpey-Fisher's revenue growth, the company said.
The company reported fourth quarter 2006 revenue of $3.1 million, a 19 percent increase over the previous year's results.
Gross quarterly profit grew to $1.3 million in 2006 from $826,000 in the same quarter of the previous year.
Operating income for the quarter rose to $297,000 from $88,000 in the previous year, the company said.
For the year, the company reported net earnings of $669,000 on gross profit of $4.5 million. For 2005, the company reported net earnings of $244,000 on $3.8 million in gross profit.
A 10 percent increase in new orders for the year, and a 28 percent increase in new orders during the fourth quarter drove Valpey-Fisher's revenue growth, the company said.
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