Welcome to our dedicated page for ProPhotonix news (Ticker: STKR), a resource for investors and traders seeking the latest updates and insights on ProPhotonix stock.
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ProPhotonix Limited has announced the launch of its new RGB-IR and RGB-White COBRA MultiSpec LED line lights, optimizing multispectral imaging with enhanced user control. These lights allow precise wavelength adjustments for applications in food sorting and currency inspection, featuring strobe capabilities with response times under 1 microsecond. Built on the COBRA Slim platform, they utilize Chip-on-Board LED technology, ensuring high brightness and uniformity. The company continues to expand its product offerings to meet growing market demands.
ProPhotonix Limited (OTC PINK:STKR) reported its interim results for H1 2020, highlighting a 3.7% decrease in revenue to $6.9 million, down from $7.2 million in H1 2019. However, gross profit increased by 21.7% to $3.3 million, improving gross profit margin to 47.1%. The company achieved a net income of $0.3 million compared to a $0.2 million net loss in the previous year. Order bookings declined to $6.8 million. ProPhotonix improved its cash position to $1.9 million and repaid a $0.9 million credit facility.
ProPhotonix Limited has expanded its PROdigii digital laser module range by introducing five new wavelengths: 375nm, 405nm, 450nm, 905nm, and 940nm. These additions enhance the company's offerings in UV, blue, and infrared applications, with output powers up to 500mW. The new lasers cater to diverse applications such as UV curing, 3D printing, and robotics. The Managing Director emphasizes the range's configurability and ease of integration, providing numerous benefits for system designers.
ProPhotonix Limited (OTC PINK:STKR) reported its 2019 financial results, revealing a revenue of $14.98 million, down from $16.40 million in 2018. The company achieved an operating profit of $1.1 million, a significant turnaround from a loss of $1 million the previous year, largely attributed to a stock compensation benefit. However, a material uncertainty regarding the company's going concern was highlighted by auditors. As of December 31, 2019, cash and cash equivalents stood at $1.5 million. The final audited results will be published by September 30, 2020, with an annual report available on their website.
ProPhotonix Limited announces an extension of its Shareholder Rights Plan until August 28, 2023, to protect shareholders' interests during potential takeover attempts. The unanimous decision by the Board aims to ensure fair treatment and enhance negotiation abilities with prospective acquirers. The Plan is compliant with Delaware law and does not fall under the UK takeover regulations. Shareholders can find detailed terms and amendments on the company’s website.