Imaging Dynamics achieves record quarter
Imaging Dynamics Co. (IDC) has announced unaudited results of operations for the second quarter ended June 30th, 2005. The company said that the second quarter showed record results on all fronts including order intake, booked sales, production and net income. Key highlights from the quarter include $7.4 million in booked revenues compared to revenues of $533,977 for the same period in 2004. For the first half of 2005, revenues were $12.4 million compared with $3.4 million in the same period a year ago.
Net income for Q2 2005 was just over $1 million compared to a loss of a little over $1 million for the same period in 2004. Net income for the first half of 2005 was $1.4 million compared to a loss of $925,222.
The results have bolstered the company to increases its financial outlook for the rest of the year. Revenue is now expected to be in the range of $28 million to $30 million.