AVT Reports 2005 Q2 Results

Published: September 11, 2005, By pffc-online.com

PRESS RELEASE

HOD-HASHARON, ISRAEL—Advanced Vision Technology's (AVT) revenues for the second quarter reached $6.2 million, an increase of 20% compared to the same quarter the previous years, and an increase of 3.5% over the first quarter of 2005. For the first six months of 2005, revenues were $12.2 million, an increase of 22% over the first half of 2004.

Net income for the first half of the year grew to $1.8 million. In the first six months of 2005, operating activities produced cash of $3.5 million compared to $0.4 million the same period of 2004.

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