SOURCE: ProPhotonix Limited

March 01, 2012 02:01 ET

ProPhotonix Limited Final Results

SALEM, NH--(Marketwire - Mar 1, 2012) -

1 March 2012

                         ProPhotonix Limited

                    ("ProPhotonix" or "the Company")


ProPhotonix Limited (London Stock Exchange - AIM: PPIX and PPIR, OTC:
STKR.PK), a designer and manufacturer of LED light engines and laser
diodes modules with operations in Ireland and the U.K., today announces
its unaudited preliminary results for the year ended 31 December 2011.

Financial Highlights

* Revenue increased 12% to $17.0 million (FY 2010: $15.2 million)

* LED revenue increased 27% to $8.6 million (FY 2010: $6.8 million)

* Gross profit increased 9.2% to $6.3 million (FY 2010: $5.8 million)

* Gross profit margin stable at 37.4% (FY 2010: 38.2%)

* Operating loss reduced to $843,000 (FY 2010: loss $2.8 million)

* EBITDA break-even vs. $0.3 million loss in 2010 (excluding AIM
  flotation expenses and facility lease termination charges)

* Order bookings of $16.6 million (FY 2010: $15.1 million)

* Percentage revenue by market sectors: industrial 73%, medical
  18%, and homeland security & defense 9%

* Percentage revenue by geography: 57% Europe, 33% North America
  and 10% Rest of World

* Cash balances of $4.1 million (FY 2010: $1.8 million)

Operational Highlights

* Implemented threefold increase in LED production capacity early
  in 2011

* Successful placing to raise $5.1 million (GBP3.3 million) completed
  in July 2011

* Completed realignment of sales organization along geographic
  lines and significantly increased size of sales force in Q4 2011

* Appointment of Luster LightTech as exclusive distributor in China

* Appointments of Tim Steel and Vincent Thompson as non-executive

Mark W. Blodgett, Chairman and Chief Executive Officer, commented:"2011 was
an important year for ProPhotonix during which we
significantly strengthened our R&D and sales efforts, expanded our
product offering, and strengthened our balance sheet with the secondary
stock offering last July. While disappointed with the slowdown in
sales to several customers in the solar equipment industry in the
second half, the Company reported improved financial results and
experienced sales growth in 2011."


ProPhotonix Limited      Tel: +44 (0)12 7971 7170

Mark W. Blodgett, CEO 

N+1 Brewin               Tel: +44 (0)113 241 0130

Andrew Craig/ Ben Wright

Cubitt Consulting        Tel: +44 (0) 20 7367 5100

Chris Lane

RD:IR                    Tel: +44 (0) 20 7492 0500

Isabel Richardson

About ProPhotonix

ProPhotonix Limited, headquartered in Salem, New Hampshire, is an
independent designer and manufacturer of diode-based laser modules and
LED systems for industry leading OEMs and medical equipment companies.
In addition, the Company distributes premium diodes for Opnext, QSI,
Sanyo, and Sony. The Company serves a wide range of markets including
the machine vision, industrial inspection, defense, sensors, and
medical markets. ProPhotonix has offices and subsidiaries in the U.S.,
Ireland, U.K., and Europe. For more information about ProPhotonix and
its innovative products, visit the Company's web site at .

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                    This information is provided by RNS
          The company news service from the London Stock Exchange


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