DALSA sales, profits drop

WATERLOO – Digital imaging and semiconductor company DALSA Corporation sees revenue decrease to $40.3 million in the second quarter of fiscal 2009, from $53.0 million in the corresponding quarter in Dalsa-logo94X41.jpg2008. Earnings of $100,000 are 98.6% lower than Q2 last year, when earnings were $5.6 million. “In the second quarter we saw some stabilization in our business as well as several indications of a recovery in our markets beginning in the fourth quarter this year,” comments CEO Brian Doody. “In our Digital Imaging business, in particular, we noted an improvement in sentiment among OEMs in the key Asia/Pacific region, which was reflected not only in increased customer inquiries and ordering for later in the year, but also in a significant improvement in shipments to the region relative to the first quarter’s historically low sales.” Click here for complete information.

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