Third Quarter Financial Summary
- Total revenue was $10.9 million, below the year-ago revenue, as the current macro-environment is impacting laser system sales
- Total consumable sales were $2.9 million, a 10% year-over-year increase as utilization of installed laser systems continues to increase
- Gross margin was 34%, a 1,400-basis expansion compared to the year-ago level due to the specific actions taken by the Company to drive toward profitability
- Continued operating improvements and efficiencies reduced operating loss by 52% year over year compared to the year-ago quarter
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.