This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dynasil Announces Sixth Consecutive Quarter Of Record Revenue As Foundation For Future Growth

Dynasil Corporation of America (NASDAQ: DYSL) today announced financial results for the quarter ended March 31, 2011. Revenue for the second quarter of fiscal year 2011 which ended March 31, 2011 was at a record level of $12.1 million, an increase of 18% over revenue of $10.3 million for the quarter ended March 31, 2010. Income from Operations for the quarter was $816,858 as compared to $1,109,000 for the quarter ended March 31, 2010. Net income was $396,216 or $0.03 per share, compared with a Net Income of $633,000 or $0.04 per share.

Year to date revenue for the first half of fiscal year 2011 which ended March 31, 2011 was at a record level of $23.7 million, an increase of 18% over revenue of $20.2 million for the six months ended March 31, 2010. Income from Operations for the first half was $1,553,000 as compared to $2,181,000 for the six months ended March 31, 2010. Net income was $771,000 or $0.06 per share, compared with a Net Income of $1,247,000 or $0.08 per share. Dynasil had previously announced that Mr. Steven Ruggieri will be replacing Mr. Craig T. Dunham as President. The second quarter and the year to date were impacted by charges of $156,000 related to the retirement of Mr. Dunham and the recruitment of Mr. Ruggieri. The Company also incurred year to date charges of $394,000 related to our listing on the NASDAQ effective December 17, 2010, uncompleted acquisitions, the startup of Dynasil Biomedical Corp. and continued charges for the startup of our dual mode detector initiative, for total growth related and unusual expenses of $550,000. Prior to corporate costs and the expenses associated with the dual mode detector business start-up, Income from Operations for Dynasil’s Product and Instruments Segment was up 33% from the six months ended March 31, 2010.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs