AVT records 15th consecutive quarter of growth

Advanced Vision Technology Ltd, a provider of automatic optical inspection and quality assurance systems for the printing and packaging industry, announced rises in profits and revenues for the third quarter of 2005.

In the 15th consecutive quarter of growth, AVT reported a net profit of $1.1 million on revenues of $6.3 million. This represents a 17 per cent increase in revenues over Q3 2004, and a 2 per cent increase over Q2 2005.

Total revenues for the nine months to 30 September 2005 were $18.5 million, compared to $15.5 million recorded for the similar period in 2004. Revenues of $942 thousand came from services (maintenance, service and support) for the nine-month period, representing a growth of 22 per cent over the same period in 2004.

The geographic distribution of revenue origin for the nine-month period shows growth in the Americas with 46 per cent (37 per cent for the same period in 2004) and Europe with 38 per cent (44 per cent), with the rest of the world contributing 16 per cent of revenues (19 per cent).

‘These results demonstrate the continuing uptake of AVT's solutions worldwide,’ said Shlomo Amir, AVT president and CEO. ‘We continue to enjoy a high level of multiple and repeat orders. Such sales can provide the impetus for further orders as companies become aware of the quality assurance and waste-saving benefits of our solutions.

‘In September, AVT participated in Labelexpo Europe, where it had solutions on four partner stands as well as running on its own booth,’ said Shlomo Amir. ‘In a busy show with extremely high-quality visitors, AVT generated more than 500 leads in four days.

‘The ability of the PrintVision/Helios to run on both presses and rewinders continues to enforce AVT's leadership position in the labels industry, while our innovative PrintFlow Manager and WorkFlow Link provide additional layers of control and profit-building information to managers.’