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Optos announces earnings for first half of fiscal year

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Optos reported revenue of $72.7 million for the first 6 months of the 2014 fiscal year, according to a company press release.

The company’s earnings were on par with expectations and similar to those reported for the same period in 2013, the release said.

The overall installed base of ultra-widefield devices grew to 6,515 during the first half of the 2014 fiscal year, up 27% from the same time last year. Optos also reported a 22% increase in capital sales to $38.7 million, and a 23% increase in service and warranty revenue to $16.1 million.

Additionally, the company increased gross margins from 59% to 60% and reduced net debt by $20.3 million from the previous year to $35.5 million, according to the release.

“We expect a significant second-half weighting to our business. As we progress through this period, the visibility in our order book, coupled with an ongoing focus on reducing the cost of Daytona and improving operational effectiveness, suggests we are well-positioned to meet expectations for the full year,” Roy Davis, Optos CEO, said in the press release.