Prophotonix reports unaudited full-year 2010 results

Laser-module manufacturer Prophotonix has announced its preliminary unaudited financial results for the full year ended 31 December 2010, in which revenue increased 45 per cent to $15.2m (£9.4m), compared to $10.5m in 2009.

LED revenue was $6.8m, increased 86 per cent from $3.7m in the previous year, while gross margin increased to 38.2 per cent, up from 30.2 per cent in 2009.

Adjusted EBITDA excluding AIM listing and related expenses came to $0.3m loss, showing an improvement over 2009’s $2m loss.

Order bookings came to $15.1m.