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Updated: July 8th, 2008 05:26 PM CDT

PPGI Reports Record Revenues and New Orders, Profitable Third Quarter

PR Newswire
via NewsEdge Corporation

NORTHVALE, N.J., Nov. 15 /PRNewswire-FirstCall/ -- Photonic Products Group, Inc. (OTC Bulletin Board: PHPG) reported financial results for its third quarter and first nine months, which ended September 30, 2005.

Revenues for the third quarter were $3,581,000 and revenues for the first nine months were $9,906,000, up 39% and 57%, respectively, from the same periods last year.

Product bookings for the third quarter were a $6,142,000, up 90% from the same period last year. Product bookings for the first nine months of 2005 were $11,874,000, up 37% from the same period a year ago. Product backlog increased 29% over the past nine months to $8,311,000, up 90% from the end of the third quarter in 2004.

These results include revenues and new orders from all PPGI companies, including its MRC Optics subsidiary acquired in October 2004.

2005 gross profit margin (GPM) continued its quarter-to-quarter improvement from the first quarter of 2005, to 30% for the three months ended September 30.

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