Summary: Year-to-year revenues increase due to an increase in core robotics business. Company continues to see strong interest in the solar and packing vertical market segments. Quarter-to-quarter revenue drop attributed to historical, seasonal, Q4 declines. The largest U.S.-based manufacturer of industrial robots announced that its year-to-year revenues increase of 4% (to $14.3M) due to a 12% increase in core robotics business.
Other Adept business lines include vision-based guidance and inspection products, robot and motion controllers, robotics programming language/environment(s), along with part feeder(s).
Quarter-to-quarter revenue decline of 14.4% (Q1 2009 to Q4 2008) attributed to historical, seasonally soft Q4 (July, August, September).
The company continues to see strong interest in the solar and packing vertical market segments, and will continue to invest in promotional activities relating to them, as well as developing new products for these markets (they have completed the prototype of their ‘Eclipse’ solar inspection system).
The company attributes softness in the market to the effect of macroeconomic drivers on their customer base. Adept expects FY2009 revenues in the range of $55M to $61M, representing a 10% decrease in year over year revenue.Read More