Optos releases Q3 earnings report
Optos announced third-quarter headline revenues of $42 million, marking a 5% increase from the same time last year.
Underlying revenue increased by 13% from the previous year, and headline year-to-date revenue was reported at $114.7 million, marking an increase of 1.5% from the same quarter in 2013, according to a press release.
The company has added 364 new customers, with 992 customers year-to-date in 2014 — a 17% increase from their 848 customers in 2013.
Net debt reduced to $19.5 million, which was $26.5 million lower than during the same period in 2013, the release said.
“As we enter into Q4, traditionally our strongest quarter, we remain confident on the outlook for the full year,” Roy Davis, CEO of Optos, said in the release.