Perceptron Inc. (PRCP, Financial) filed Quarterly Report for the period ended 2012-09-30.
Perceptron, Inc. has a market cap of $47.9 million; its shares were traded at around $5.57 with a P/E ratio of 9.5 and P/S ratio of 0.8.
Sales Net sales in the first quarter of fiscal 2013 were $12.1 million, compared to $9.1 million for the quarter ended September 30, 2012. The following tables set forth comparison data for the Companys net sales by segment and geographic location.
Sales in the Americas increased $2.7 million in the first quarter of fiscal 2013 quarter compared to the same quarter a year ago. The increase was primarily due to increased sales of Automated Systems products. Sales in Europe were comparable to sales in the first quarter a year ago. However, on a euro basis, Europes sales were up 405,000 euros over the quarter a year ago. The lower foreign currency rate in the fiscal 2013 quarter compared to the quarter a year ago, resulted in approximately a $550,000 decrease in revenue. The increase in sales in Europe when measured in euros was primarily due to increased sales of Automated Systems products. The increase in sales in Asia was primarily related to higher Automated Systems products sales in China.
Gross Profit Gross profit was $5.6 million, or 46.1% of sales, in the first quarter of fiscal 2013, as compared to $2.7 million, or 29.6% of sales, in the first quarter of fiscal 2012. Impacting the higher gross profit in the fiscal 2013 quarter was higher revenue related to final buy-off on completed projects where costs had been recorded in earlier periods.
Income Taxes The effective tax rate on continuing operations for the first quarter of fiscal 2013 was 27.4% compared to 38.5% in the first quarter of fiscal 2012. The effective rate in both fiscal quarters primarily reflects the effect of the mix of pre-tax profit and loss among the Companys various operating entities and their countries respective tax rates.
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Perceptron, Inc. has a market cap of $47.9 million; its shares were traded at around $5.57 with a P/E ratio of 9.5 and P/S ratio of 0.8.
Highlight of Business Operations:
During the first quarter of fiscal 2013, the Company had income from continuing operations of $629,000 compared to a loss of $1.2 million in the first quarter of fiscal 2012. The $1.8 million improvement was the result of higher gross profit of $2.9 million. The higher gross profit was achieved from a greater proportion of revenue related to buy-offs on completed projects in the current quarter compared to the quarter a year ago.Sales Net sales in the first quarter of fiscal 2013 were $12.1 million, compared to $9.1 million for the quarter ended September 30, 2012. The following tables set forth comparison data for the Companys net sales by segment and geographic location.
Sales in the Americas increased $2.7 million in the first quarter of fiscal 2013 quarter compared to the same quarter a year ago. The increase was primarily due to increased sales of Automated Systems products. Sales in Europe were comparable to sales in the first quarter a year ago. However, on a euro basis, Europes sales were up 405,000 euros over the quarter a year ago. The lower foreign currency rate in the fiscal 2013 quarter compared to the quarter a year ago, resulted in approximately a $550,000 decrease in revenue. The increase in sales in Europe when measured in euros was primarily due to increased sales of Automated Systems products. The increase in sales in Asia was primarily related to higher Automated Systems products sales in China.
Gross Profit Gross profit was $5.6 million, or 46.1% of sales, in the first quarter of fiscal 2013, as compared to $2.7 million, or 29.6% of sales, in the first quarter of fiscal 2012. Impacting the higher gross profit in the fiscal 2013 quarter was higher revenue related to final buy-off on completed projects where costs had been recorded in earlier periods.
Income Taxes The effective tax rate on continuing operations for the first quarter of fiscal 2013 was 27.4% compared to 38.5% in the first quarter of fiscal 2012. The effective rate in both fiscal quarters primarily reflects the effect of the mix of pre-tax profit and loss among the Companys various operating entities and their countries respective tax rates.
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