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News

4 October 2007

 

QPC expects Q3 revenues to rise 125% year-on-year

QPC Lasers Inc of Los Angeles suburb Sylmar, CA, USA, a vertically integrated manufacturer of high-power semiconductor lasers for industrial, defense, and medical markets, expects revenue of $2.1-2.2m for third-quarter 2007 (up more than 125% year-on-year and 17% on Q2’s $1.8m ) and $5.0-5.1m for the first nine months of 2007 (up more than 180% year-on-year).

“We continue to focus on top-line growth and are pleased with these solid preliminary revenue results, which reflect increases on both a year-over-year and sequential basis," says executive vice chairman and chief financial officer George Lintz. “We are tracking to our expectations, both in terms of the 2007 total revenue target we stated on our second quarter conference call and the milestones we identified in connection with our recent financings,” he adds.

“We also achieved a number of key operational milestones in the third quarter, including the initial shipment of our first Generation III laser to a medical customer [a 100W laser for surgical applications in the USA] and the successful demonstration of our first visible laser [a green laser for multiple display applications].”

During the quarter, QPC also shipped initial BrightLase Seed Lasers to a defense customer, and recruited industry veteran Dr Tom Steele as director of market development to drive expansion for its growing medical business.

QPC plans to announce complete financial results in November.

See related items:

QPC’s revenues triple year-on-year

QPC raises a further $9.5m in financing

QPC quadruples revenue on transition to production

Visit: www.QPClasers.com