ProPhotonix (PPIX) has announced a US$1.1m order for laser modules to be delivered in 2016 and early 2017. The order is from one of PPIX’s largest customers and has been in gestation for more than a year via collaborating on the product design. We highlighted in our recent initiation note that we expected new products (with increased IP) to drive future sales and profits growth and therefore view today’s news as evidence of this. At this stage we make no changes to forecasts and r
15 Jun 2016
Substantial order received
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Substantial order received
- Published:
15 Jun 2016 -
Author:
Robert Sanders -
Pages:
2
ProPhotonix (PPIX) has announced a US$1.1m order for laser modules to be delivered in 2016 and early 2017. The order is from one of PPIX’s largest customers and has been in gestation for more than a year via collaborating on the product design. We highlighted in our recent initiation note that we expected new products (with increased IP) to drive future sales and profits growth and therefore view today’s news as evidence of this. At this stage we make no changes to forecasts and r