AVT Posts Another Quarter of Growth

Published: September 04, 2007, By pffc-online.com

PRESS RELEASE

HOD-HASARON, ISRAEL—Advanced Vision Technology (AVT) completed Q2 2007 with revenues of $8.06 million, up 15% over the same period in 2006 ($7.01 million). Net income for the quarter was up 13.9% over Q2 2006 to $1.94 million ($1.70 million for the same period in 2006). Net income for the first six months of 2007 rose 18.4% to $3.47 million ($2.93 million for the first six months of 2006).

Order bookings continued to rise with total bookings for the first half of 2007 totaling $18.83 million, up p 50.5% over the same period in 2006 ($12.51 million). Service revenues for the first six months of 2007 totaled $1.17 million, an increase of 38.2% over the same period in 2006 ($849,000). See avt-inc.com.