- 1Q2012 $15.2 million
- Previous quarter $16.6 million
- Same quarter 2011 $13.3 million
- Revenue down by $1.4 million from previous quarter. Reasons: Flooding in Thailand; accounts receivable behind; consolidation of InMoTex from Denmark to California
- Revenue by region: Europe 43%; U.S. 31%; Asia 15%; Canada 6%, other 5%
- Orders from new customers: up 20%
Bullish: In the last three months the stock has hit a new 52-week
high six times, pointing to an uptrend.
Bearish: The average annual compound return on the share price in
the last 5 years was -9.4%, underperforming the average
annual compound return on the NASDAQ-100 index of 8.0%
Trailing Month: In the last 19 trading sessions there has been a net rise of 17.96%; the stock has advanced ten times and the biggest one day rise was 19.8% on Apr 09, 2012
Adept Technology Receives $820K Order for Vision-Guided Robots
Leading Global Consumer Electronics Manufacturer Selects Adept for Capacity Expansion
Receives $1 Million Order from Major German Automotive Supplier
?Bremer Werk fur Montagesysteme GmbH, a leading integrating specialist in Germany, will be utilizing Adept 6-axis robot arms in a production line destined for a major German automotive supplier. The $1 million order is expected to be fulfilled and recognized as revenue in the next quarter.?
Selected By Philips for High Tech Shaver Manufacturing
?Adept Technology, Inc. Robotics announced that Philips, decided to build an assembly line capable of manufacturing their current line of high-tech shavers and support any future redesigns, they selected Adept Technology, as their supplier of robotics and flexible feeding systems.?
Adept Technology Signs MOU with Major South Korean Manufacturing Company
?Adept Technology and its exclusive dealer in South Korea, Han Shin Power Tech Co. Ltd., are the South Korean manufacturer?s strategic and preferred global suppliers for delta/parallel link and SCARA type robot products, vision-guided robot controls, and automated guided vehicles (AGV) and controls.?
Adept Technology Introduces New Autonomous Transporter at MODEX 2012
“The Adept Courier is a small autonomous vehicle that simplifies the everyday task of moving goods, materials, samples, or parts around an office or production environment. Using self-navigation software, the Adept Courier finds its own way to destinations, drives around obstacles in its path, and can be deployed in a matter of hours.”
Adept Technology, Inc. Enters Into Agreement (2011-2012) To Acquire Privately Held InMoTx
“Adept Technology, Inc. announced that it has entered into an agreement to acquire privately held InMoTx (Denmark), a provider of technology for the global food processing market.”
Adept Technology Opens Office in China
“The new office and technical center will provide a full range of products and services, including the traditional robotic offerings and support for manufacturers and automation user throughout China. However, the company will also offer services, such as feasibility studies, product demonstrations, customer training and maintenance and repair services.”
Swisslog and Adept Technology Announce Hospital-Robot Pact
“Adept Technology has brokered an exclusive deal with Swisslog Healthcare Solutions to provide logistical solution robotics for hospital use. Healthcare specified models are standardized on the ADEP MT400 platform. The Denver based Swisslog handles material transport and medication management in over 3,000 hospitals worldwide with over 2,000 based in North America.”
Collaborating with Willow Garage on advanced open source OS ROS-industrial.
“ROS-Industrial has now demonstrated control of the Adept Viper 650, 6-axis industrial robot arm.”
?Adept’s mobile robots may just be the newest and smartest in the industry. Most mobile robots are guided by a computer program or human interface with intelligence coming from outside the robot itself. Adept differentiates itself by providing intelligence in the robot.? ?Seeking Alpha
With natural foods a $62 billion dollar industry that has almost doubled in size from $32 billion in 2001, “Adept has built up quite the IP portfolio in the natural foods packaging arena. We have not even begun to see the substantial deals that could come form packaging and they should be coming in very soon. There are many more catalysts coming that could take ADEP over 10 again. With such a small float it could happen overnight. The Philips deal adds 5-20 million this year depending on how long it takes to build the lines out. ADEP could bring profits of over a dollar per share this year.” ?Yahoo Finance
?Adept’s mobile robots may just be the newest and smartest in the industry. Most mobile robots are guided by a computer program or human interface with intelligence coming from outside the robot itself. Adept differentiates itself by providing intelligence in the robot.??Seeking Alpha
?While investors who took a position in ADEP in its $16 days may be hesitant to consider the stock again, the company may have finally found a working formula of technology, market growth and business plan that could net investors gains.” ?Seeking Alpha
See RBR50: Adept Technology