| |
Richardson, Texas (January 25, 2005)
Zyvex today announced financial results for
its fiscal 2004 fourth quarter. The Texas company continues
its business gains with nine consecutive quarters of sales
growth and expansion of its global sales reach.
Total revenue for the fourth quarter was $4.0
million, which was a 55 percent increase over the same period
in 2003.
The total revenue for 2004 was $8.6 million,
which represented a 102 percent increase over 2003. International
sales, new to the company during 2004, accounted for 10 percent
of the year’s revenue.
“I continue to be extremely pleased with
the financial and operational performance of the company during
the last 24 months, particularly during 2004,” stated
Zyvex CFO Timothy M. Gilmore. “Our introduction of the
extremely popular IC Nanoprober™ during the fourth quarter
drove these positive results for the quarter and year. While
we are gratified by the success of this product, our 2005
plans do not anticipate this initial buy-in to continue at
the same level.”
Zyvex shipped 29 of their NanoWorks™ Nanomanipulation
Systems during the year, representing a 400 + percent increase
in units over the year-ago period. During the year, the Company
introduced eleven new products — nine of which were
launched during the fourth quarter.
“Zyvex is enabling new applications in
the semiconductor industry with our IC Probing offerings,”
said Zyvex President Thomas A. Cellucci, PhD, MBA. “The
response to our systems was so successful that we ended up
with a significant backlog of orders in Q3 added to the highest
number of orders for a quarter in Q4. We anticipate that 2005's
revenue will exceed $10 million.”
Founded in 1997, Zyvex reported its first revenues
in 2001, grossing $150,000. Company revenues grew to $1.2
million in 2002, $4.3 million in 2003, and $8.6 million in
2004. Gilmore anticipates that the company will achieve cash-flow
break-even by Q1 2006, and become bottom-line profitable by
the end of 2006.
The company has customers in the Aerospace/Defense,
Healthcare/Medical, and Electronics/Semiconductor industries.
2004 saw a 225 percent increase in customers, and a 75 percent
increase in partnerships and alliances.
Zyvex also has numerous key alliances with industry
leaders, including Easton Sports, FEI Company, Frost &
Sullivan, MANCEF, MIT’s Institute for Soldier Nanotechnologies,
Texas Instruments and many others.
Zyvex has worldwide sales representation in
China, France, Germany, Italy, Japan, Korea, Malaysia, Poland,
Singapore, Switzerland, Taiwan, Thailand, the United Kingdom,
and Vietnam through alliances with Keithley Instruments, Inc.,
Caltron, Pte., and L.O.T.-Oriel.
back
to top
| ©
Copyright 2008, Zyvex Instruments. All Rights Reserved. |
|
|
|
|
