Revenue and Orders both grow 25% Year over Year
Albuquerque, New Mexico, 10 February 2011:Optomec, a leading global supplier of additive manufacturing systems for SmartPhone, Solar, Display and Aerospace applications, today announced record financial performance for its fourth quarter and full year ending December 31, 2010.
For the fiscal year, both new Bookings and Revenues grew approximately 25% over 2009, resulting in a Book-to-Bill ratio of greater than 1.2. The Company was profitable with an EBITDA of approximately 8% of Net Sales, despite continued heavy investment in next generation product development. For more information on Optomec, Click here.
Optomec’s growth trend accelerated in the Fourth quarter with a 77% increase in new Bookings over the prior year period, and International orders remained robust at 55% of total annual bookings.
“The fourth quarter was a tremendous finish to our year with continued strong global demand for both our Aerosol Jet and LENS systems” said Dave Ramahi, Optomec president and CEO. “The growth in Aerosol Jet system sales is being driven by a range of solutions we’ve developed for the SmartPhone and Display industries; while resurgent LENS sales are a reflection of the adoption of our technologies for Aerospace repair with five new systems sold for this application.
“Our top priority is to continue Optomec’s rapid growth through increased investments in new products and services that meet the many customer driven market opportunities we see ahead” added Mr. Ramahi.
Optomec is the world-leading provider of additive manufacturing solutions for high-performance applications in the Electronics, Solar, Medical, and Aerospace & Defense markets. These systems utilize Optomec’s patented Aerosol Jet Printed Electronics technology and LENS powder-metal fabrication technology. The company has a global customer base of more than 100 users that includes many industry-leading manufacturers.