This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Zygo Reports Results For Second Quarter Fiscal 2013

Stocks in this article: ZIGO

MIDDLEFIELD, Conn., Feb. 7, 2013 (GLOBE NEWSWIRE) -- Zygo Corporation (Nasdaq:ZIGO) today announced its financial results for the second quarter of fiscal 2013 ended December 31, 2012 and points out the following highlights in those results:

  • Revenue of $34.6 million and $0.08 EPS.
  • Bookings of $42.8 million were 15% more than previous quarter fiscal 2013 bookings.
  • Book-to-bill ratio of 1.23 increased backlog to $73.2 million, close to a 5-year high.

Revenue in the second quarter of fiscal 2013 was $34.6 million compared with $40.0 million in the comparable prior year quarter and $40.2 million in first quarter fiscal 2013. Revenue for the first six months of fiscal 2013 was $74.8 million, compared with $84 million in the comparable prior year period.

Net income in the second quarter of fiscal 2013 was $1.6 million, or $0.08 per diluted share, compared with $6.2 million, or $0.33 per diluted share, recorded in the second quarter of fiscal 2012. Net income for the first six months of fiscal 2013 was $4.0 million, or $0.21 per diluted share, compared with $12.6 million, or $0.68 per diluted share, recorded for first six months of fiscal 2012.

Bookings for the second quarter of fiscal 2013 were $42.8 million, compared with $37.3 million in the previous quarter and $48.8 million in the prior fiscal year second quarter. Bookings for the Metrology Solutions Division were 62% of the total; Optical Systems Division bookings were 38%.  Backlog increased to $73.2 million at December 31, 2012 from $65.1 million at September 30, 2012 and $69.7 million at December 31, 2011.

Commenting on the second quarter results, John P. Jordan, Vice President, Chief Financial Officer and Treasurer of Zygo Corporation, said, "The lower second quarter revenue resulted from the lower bookings of the previous two quarters primarily attributable to weakness in the semiconductor sector. Gross margins were lower during the quarter compared to prior year quarter due to the effect of a change in product mix within both the metrology and optics segments, combined with lower overhead absorption from lower revenue.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs